Public Issue of Shares
On 27th June, 2023, Capital market regulator Securities and Exchange Board of India (SEBI) reduced the listing of shares in public issue from existing six days to three from the date of issue closure (T Day).
- The revised timeline will be made applicable in two phases — on voluntary basis till September 1, 2023 and mandatory from December 1, 2023.
About Public Issue
- When a company raises funds by selling or issuing its equity shares to the public through an offer document it is called a public issue.
Types of Public Issue
- Initial Public Offerings (IPO): IPO is a type ....
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