Sebi proposes to ease IPO norms for large companies

The Securities and Exchange Board of India (Sebi) is proposing to ease norms for large companies looking to sell shares through an Initial Public Offering (IPO). The regulator has recommended to reduce the minimum proportion of shares (MPS) that such companies must offer to the public in the issue. The proposal would allow entities such as the National Stock Exchange (NSE) and Reliance Jio Infocomm, which command multi-billion-dollar valuations, to go public with a smaller float. Read Article