The Securities and Exchange Board of India has issued a directive. Mutual funds can no longer invest in pre-IPO share placements. They are now restricted to participating only in the anchor investor portion or the public issue of an initial public offering. This clarification aims to prevent mutual funds from holding unlisted shares.
The Securities and Exchange Board of India has issued a directive. Mutual funds can no longer invest in pre-IPO share placements. They are now restricted to participating only in the anchor investor portion or the public issue of an initial public offering. This clarification aims to prevent mutual funds from holding unlisted shares. by Soban News (international And National News)
