Sebi cuts lock-in period for promoters to 18 months post-IPO

In a notification, Sebi said that if the object of the issue involves offer-for-sale or financing other than for capital expenditure for a project, then the minimum promoters#39; contribution of 20 percent would be locked-in for 18 months from the date of allotment in the IPO.

from Moneycontrol Business News https://ift.tt/37TQJ65