SEBI Proposes Fix For Pre-IPO Pledged Shares, Plans Simpler IPO Disclosure Format
New Delhi: The Securities and Exchange Board of India (SEBI), on Thursday, proposed key reforms to address long-standing challenges around locking in pre-IPO pledged shares and simplifying public issue disclosures. The market regulator suggested these changes through amendments to the Issue of Capital and Disclosure Requirements (ICDR) Regulations, 2018. At present, pre-issue shareholding other than…