SEBI has eased IPO and shareholding rules for large companies. Firms with market cap above ₹5 lakh crore can now sell only 2.5% of shares in their IPO, instead of 5%, making it easier for the market to absorb big issues.
Effective immediately, these rules aim to make fund operations more transparent, ensure compliance, and provide stronger protection for investors under the Alternative Investment Fund (AIF) regulations.
To provide a comprehensive platform for retail investors and empower them to easily access information and understand the Indian passive funds industry, a dedicated India’s first website for passive funds was also announced during the launch event.
Manufacturer of solar modules Waaree Energies announced that it had submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India, the market authority.
Securities and Exchange Board of India ("SEBI") has received the Draft Red Herring Prospectus ("DRHP") from Brainbees Solutions Limited, the wholly-owned company of the internet-based e-commerce firm FirstCry.