Thursday 8 January 2015

SEBI meets IT cos to discuss regulatory hurdles

The Securities and Exchange Board of India (SEBI) met new technology companies to discuss the problems they face in raising capital in the primary market, according to a media report.

SEBI wants to encourage domestic companies to consider listing in the home market instead of foreign ones, the report added.

SEBI chairman UK Sinha said that it would address any regulatory hurdles with regard to fund raising.

Last year, SEBI had also introduced a discussion paper on crowd funding, but has not yet finalised any framework in that regard.

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