India eases rules on entrepreneurs’ post-IPO lock-up
India has altered rules concerning the lock-up on entrepreneurs’ shares post-IPO in order to make it easier for companies to list. This is expected to support companies that go through several stages of private equity funding.
The Securities and Exchange Board of India (SEBI) requires promoters to retain at least 20% of the shares in a company for three years. This is designed to ensure that they have sufficient incentive to...
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