Sebi removes 1% security deposit requirement for public issues

The Securities and Exchange Board of India (Sebi) has removed the 1% security deposit requirement for companies launching public equity share issues. This move aims to simplify business operations for companies. Sebi stated that existing regulations and frameworks effectively address investor grievances, making the initial deposit unnecessary.

Sebi removes 1% security deposit requirement for public issues

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The Securities and Exchange Board of India (Sebi) has removed the 1% security deposit requirement for companies launching public equity share issues. This move aims to simplify business operations for companies. Sebi stated that existing regulations and frameworks effectively address investor grievances, making the initial deposit unnecessary.