India's SEBI Reviews Delisting Rules, Expanding 2024 Push for Easier Market Exits
Updated
Updated · Reuters · Jun 12
India's SEBI Reviews Delisting Rules, Expanding 2024 Push for Easier Market Exits
3 articles · Updated · Reuters · Jun 12
Summary
SEBI said it will review India's delisting framework to make capital-market exits easier, with Chairman Tuhin Kanta Pandey framing the move as part of ensuring both fair entry and fair exit.
The review builds on 2024 changes that allowed fixed-price delistings as an alternative to reverse book-building, and on last year's voluntary delisting route for public-sector firms with promoter ownership above 90%.
Pandey also said SEBI will work with other regulators to simplify know-your-customer rules for non-resident Indians, another step aimed at reducing friction in market access.
The regulator is concurrently revisiting the Innovators Growth Platform for startups, a venue launched in 2016 and repeatedly relaxed since 2018 after strict eligibility and lock-in rules curbed listings.