Regulator SEBI expands promoter definition for IPO-bound companies   Â
Why in the news? SEBI expands promoter definition for IPO-bound companies, including founders holding 10% or more, and their immediate relatives. According to current SEBI regulations, a promoter is someone who controls the affairs of the company or can appoint the majority of directors or is named as such in an offer document. What is… Continue reading Regulator SEBI expands promoter definition for IPO-bound companies   Â