SEBI proposes cap on startup IPO proceeds for mergers and acquisitions

The Securities and Exchange Board of India (SEBI) proposed a cap on funds raised from initial public offerings (IPOs) that startups can use for mergers and acquisitions (M&A), as long as the acquisition goals are met. not clearly recognized beforehand. “Raising funds for undisclosed acquisitions brings some ambiguity in IPO items,” SEBI said in a … Read more