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SEBI Restricts Mutual Funds From Participating in Pre-IPO Placements
SEBI announced updated investment rules effective November 21, restricting mutual funds from participating in pre-IPO placements. The regulator clarified that mutual funds may continue to invest in anchor allocations when available. The directive modifies earlier practices followed by fund houses during unlisted share placements. SEBI stated that the change applies across all categories and requires uniform compliance for upcoming fundraising cycles related to companies preparing to list on domestic exchanges.
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- SEBI
- mutual-funds
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Explore:Mutual Fund Categories
neutral
SEBI Restricts Mutual Funds From Participating in Pre-IPO Placements
SEBI announced updated investment rules effective November 21, restricting mutual funds from participating in pre-IPO placements. The regulator clarified that mutual funds may continue to invest in anchor allocations when available. The directive modifies earlier practices followed by fund houses during unlisted share placements. SEBI stated that the change applies across all categories and requires uniform compliance for upcoming fundraising cycles related to companies preparing to list on domestic exchanges.
Tags:
- SEBI
- mutual-funds
Related:
Explore:Mutual Fund Categories
1 min read
70 words
SEBI prohibited mutual funds from entering pre-IPO placements but allowed anchor participation, applying the rule uniformly across all categories from November 21 onward.
SEBI announced updated investment rules effective November 21, restricting mutual funds from participating in pre-IPO placements. The regulator clarified that mutual funds may continue to invest in anchor allocations when available. The directive modifies earlier practices followed by fund houses during unlisted share placements. SEBI stated that the change applies across all categories and requires uniform compliance for upcoming fundraising cycles related to companies preparing to list on domestic exchanges.
SEBI announced updated investment rules effective November 21, restricting mutual funds from participating in pre-IPO placements. The regulator clarified that mutual funds may continue to invest in anchor allocations when available. The directive modifies earlier practices followed by fund houses during unlisted share placements. SEBI stated that the change applies across all categories and requires uniform compliance for upcoming fundraising cycles related to companies preparing to list on domestic exchanges.
Tags:
- SEBI
- mutual-funds
- SEBI
- mutual-funds
- regulations
- pre-IPO
Related: