Sebi broadens IPO anchor book to record insurers and pension funds, calls for reservation to 40%

In a movement that was aimed at broadening the pool of long-term institutional investors in initial public offers (IPOs), the Securities and Exchange Board of India (SEBI) changed the ICDR instructions on Friday to extend the participation of the investors of the Interior Investment Fonds. Read also: Sebi facilitates minimum public offer standards, minimum timelines […]