Indian regulator plans cut to minimum float for chunky IPOs

By Jonathan Breen
23 Nov 2020

India’s securities regulator has proposed slashing the minimum required share offering of large IPOs, helping the country’s biggest companies comply with listing rules.

The Securities and Exchange Board of India published a consultation paper on November 20 seeking feedback on the move to reduce the minimum float from 10% to 5% for issuers with a post-listing market capitalisation of Rp100bn ($1.35bn) or more.

Issuers are also required to bring their public ...

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