With an aim to boost the listing of companies, the Market Regulator SEBI has today, on 6th August, 2021, notified a reduction in the holding period for pre-issue capital.
Earlier the lock-in period for such securities was a minimum of 1 year, which has now been reduced to 6 months for persons other than promoters and 18 months for promoters from 3 years. This could encourage more companies to list and shall provide flexibility to optimise their shareholdings.
The changes shall be subject to conditions. To read more about it please click the link below.
Read more (Source: Money Control)