SEBI proposes reforms for pre-IPO pledged shares
after close1 source ↓written by the desknot a recommendation
The Securities and Exchange Board of India (SEBI) has proposed reforms to tackle issues with pre-IPO pledged shares and simplify IPO disclosures. The amendments to the ICDR Regulations aim to allow depositories to mark pledged shares as non-transferable during the lock-in period, addressing compliance challenges for issuers. This could enhance market efficiency and investor confidence.
Not investment advice. For informational purposes only.