Govt tweaks IPO rule, clears way for NSE, Jio listings

The Indian government has announced changes to listing rules, paving the way for IPOs by the National Stock Exchange and Reliance Jio. Companies with a post-issue market value exceeding ₹5 lakh crore will now be allowed to dilute as little as 2.5% in an IPO, down from the current minimum of 5%. The change was approved by SEBI in September.