Published on Thu, Dec 04, 2008 at 16:51 | Source : CNBC-TV18
Updated at Thu, Dec 04, 2008 at 18:12
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Sebi extends IPO validity period to 1 year
Market regulator Sebi (Securities and Exchange Board of India) has extended the IPO validity period to one year in its board meeting. Sebi Chairman CB Bhave said companies can use IPO funds only after allotment of shares.
Market regulator Sebi (Securities and Exchange Board of India) has extended the IPO validity period to one year in its board meeting. Sebi Chairman CB Bhave said companies can use IPO funds only after allotment of shares. There will be no exits provided in debt funds. Shareholders with demat will get rights share in demat form. There will also be no early exit on close-ended MF schemes.
