New trading platform for start-ups, e-commerce firms by SEBI
Sai Nikesh | The Dollar Business In a move to encourage new business entrants, the Securities and Exchange Board of India (SEBI), on Tuesday, announced setting up of an ‘alternative trading platform’ dedicated for start-ups, including e-commerce firms, in the country. The capital market regulator, by relaxing its regulations, provides an opportunity for start-ups to list and raise funds on domestic stock exchanges, instead of going overseas. “Indian start-up space is very vibrant and the country is ranked number five as far as start-ups are concerned. More than 3,100 start-ups are there in the country and a large number of M&As have also happened," said SEBI Chairman U K Sinha, in an official statement. "However, most of these start-ups were thinking ...
