The Securities and Exchange Board of India (SEBI), in its board meeting today, is set to allow confidential pre-filing of offer documents to safeguard sensitive business information.
The board also aims to relax open offer pricing norms for the disinvestment of public sector undertakings (PSUs); and seek enhanced disclosures from startups in offer documents on the IPO issue price for companies holding initial public offerings (IPOs).
The SEBI will also clear a proposal to bring buying and selling by mutual funds under insider trading rules.
#SEBIBoardmeettoday #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday
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