Sebi decree gives India QIP volumes a leg up

By John Loh
04 Jan 2018

India’s qualified institutional placement (QIP), a popular equity fundraising tool, is about to get a shot in the arm after the regulator said it may be used by companies to meet their free float requirements. Listed firms could tap the market in droves over the next few years as they look to comply with the rules, writes John Loh.

The Securities and Exchange Board of India (Sebi) said following a board meeting last week that it will allow companies to sell shares through QIPs as a way to satisfy the minimum 25% public shareholding.

Indian companies have for years avoided closing the gap, if only because the rules gave ...

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