 "IPO")
Capital market regulator Sebi on Thursday said Unified Payments Interface (UPI) payment mechanism for public issues will commence from January 1, 2019.
The move will help reduce the time period between closing of an initial public offering (IPO) and listing of the security from six working days to just three working days.
The implementation of new payment system for IPOs will be carried out in a three-phased manner.
In the first phase, retail investors will get the option of UPI payments along with the existing options. The first phase will be between January 1 and March 31, 2019. The second
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