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SEBI tightens disclosure norms for IPO-bound companies
short by Anisha Joneja / on Sunday, 2 October, 2022
SEBI approved new mandates including tightening of disclosure norms for IPO-bound companies. In its board meeting, the market regulator allowed companies for confidential pre-filing of offer documents along with relaxing open offer pricing rules for disinvestment of public sector undertakings (PSUs). As per the new norms, buying and selling of mutual funds falls under insider trading rules.
read more at Reuters