Sebi to simplify norms for listed firms

Sebi will simplify procedures for subsequent public offers by listed corporates having a track record for disclosures.

"If a company stock is actively traded on exchanges and has a record of continuous disclosures, the regulator will allow for simplified procedures for their secondary offers," M Damodaran, chairman of Sebi, said while addressing a seminar on listing today.

Sebi would also complete the processes for India Depository Receipts (IDRs) soon, he added.

"The processes for IDRs would be completed so that multinationals and corporate entities from other countries would be able to raise funds from the Indian markets from this financial year," Damodaran said.