MUMBAI, May 21 (Reuters) – India’s markets regulator has proposed halving the time it takes for shares to list on the country’s stock exchanges from the completion of initial public offerings (IPOs) to three days.
The proposed shortening of the deadlines for stock listing and trading would benefit issuers and investors, the Securities and Exchange Board of India (SEBI) said in a consultation paper on its website late Saturday.
“Issuers will have quicker access to raised capital, making it easier to do business, and investors will have the ability to obtain early credit and liquidity for their investments,” SEBI said.
SEBI is asking for comments on the proposed change by June 3rd.
Reporting by Jayshree P Upadhyay and M. Sriram; Edited by William Mallard
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