Sebi proposes easing of norms to set up more bourses
Thu, Jan 7, 2021 7:51 AM

Sebi proposes easing of norms to set up more bourses

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The SEBI on Wednesday proposed a liberalised ownership framework to allow new entrants to set up stock exchanges and depositories. It will allow higher shareholding at inception stage with dilution over a period of time. The regulator said a resident promoter setting up the MII may hold up to 100 per cent shareholding which should be brought down to not more than 51% to 26% in 10 years.

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