India’s market regulator proposed halving the time needed to list shares on the nation’s stock exchanges from the closure of initial public offerings (IPOs) to three days.
The proposed reduction in timelines for listing and trading of shares would benefit issuers and investors, the Securities and Exchange Board of India (SEBI) said in a consultation paper on its website late on Saturday.
“Issuers will have faster access to the capital raised, thereby enhancing the ease of doing business, and the investors will have opportunity for having early credit and liquidity of their investments,” SEBI said.
SEBI invited comments on the proposed change until June 3.
Reuters