SEBI creates two new routes for sale of shares

In an effort to help Indian companies raise capital and increase public shareholding in rough market conditions, the capital market regulator on Tuesday created two additional ways through which listed local firms can sell shares without floating a public issue. The two new share-sale methods announced by the Securities and Exchange Board of India (Sebi) after a board meeting are the institutional placement programme (IPP) and the offer for sale through stock exchanges. These are expected to ease the process of increasing public shareholding for Indian companies.


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