Sebi to ease norms for investors willing to invest in startups

| | New Delhi
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Sebi to ease norms for investors willing to invest in startups

Saturday, 02 March 2019 | PTI | New Delhi

To provide a boost for startups seeking to get listed, capital markets regulator Sebi’s board on Friday approved easing of norms for accreditation of investors willing to invest in such new-age entities.

At a meeting here, the Sebi board approved a framework for the process of accreditation of investors for Innovators Growth Platform, which will be the name of the stock exchange platform where new-age startups would be listed.

Under this framework, the investor having a demat account will make an application to the stock exchanges or depositories to be recognised as an ‘accredited investor (AI)’.