The Securities and Exchange Board of India (Sebi) proposed a series of relaxations in the existing norms for listing of start-ups, with the aim of encouraging the country’s proliferating entrepreneurs. The marker regulator proposed to remove the cap on holding for investors in startups post-listing, reduce the minimum investor application size, remove reservation norms for various classes of investors in start-up listing issues, relax the minimum required number of allottees in start-up listing, relax the share lock-in norms post-listing, relax the minimum trading lot-size required for startups post listing, and broaden the definition of start-ups and eligible investors to allow all classes of investors to support start-up growth in the country.

(DealStreet Asia)