New measures approved by SEBI to reform IPO Market

On Tuesday SEBI approved several new measures to further reform the initial public offering market in the country.

The regulators’ board approved mandatory disclosure by companies of their intended acquisition target in case where funds are raised from public for the purpose of such acquisitions.

SEBI has also mandated that a credit rating agency will act as a monitoring agency for the use of funds by companies towards the objective they were raised for.

By editor

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