SEBI mulling easing of start-ups listings

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Aimed at making stock market listing lucrative for start-ups, regulator Securities and Exchange Board of India (SEBI) has launched a panel that will look at ways to ease such listings.

As part of the initiative, the SEBI panel will review the present institutional trading platform (ITP) framework in the current context as well as identify areas, if any, which require further changes. Besides, any other issue relevant to the framework might also be assessed, SEBI said in an official communiqué released on Tuesday.

The body shall endeavour to submit the report to SEBI within a period of one month,” it said.

In recent times, the markets regulator has been working on numerous ways to help bolster start-ups in the country.  In 2015, the ITP framework was put in place in with a view to facilitate listing of new-age companies in sectors like e-commerce, data analytics, biotechnology and other start-ups.

As this “framework failed to gain any traction”, the said group has been formed after discussions with various stakeholders, added the designated regulatory body for the finance and investment markets in India.

Members of the newly-formed panel include representatives from the Indian Software Product Industry Round Table (iSPIRT), The Indus Entrepreneurs (TIE), the Indian Private Equity and Venture Capital Association (IVCA), law firms, merchant bankers, and various stock exchanges of the country.

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