Market reforms: An Indian stock dealer holds his head as he monitors the falling shares in Bombay. — AFP
MUMBAI: India’s securities market regulator last Friday made it easier for very large private companies to go public in one of the world’s top destinations for first-time share sales this year.
Companies with a market capitalisation of more than five trillion rupees (US$56.5bil) can now make an initial public offering (IPO) of as low as 150 billion rupees and dilute a 2.5% equity stake, the Securities and Exchange Board of India (Sebi) said in a statement following its board meeting.
