Indian start-up listings still a pipe dream despite tweaks

sisyphus uphill struggle 230px
By John Loh
04 Aug 2016

A year on from its initial effort to create a listing venue for the country’s start-ups, the Securities and Exchange Board of India (Sebi) is at it again. The regulator has relaxed the rules in its latest consultation, in a bid to get start-up listings off the ground. But unresolved issues mean this will be an uphill task, writes John Loh.

Sebi put in place a framework for start-ups to raise capital via a listing on the Institutional Trading Platform (ITP) in August last year. The platform is a venue for listing unprofitable firms and technology start-ups without going down the IPO route on the two main stock ...

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