Sebi may make it lot easier to take startups public

Mumbai: India is set to ease rules to encourage start-ups to go public and list on the so-called Innovators’ Growth Platform (IGP), providing a structured exit route for early-stage investors in new enterprises. Its capital-markets regulator will also likely alter delisting rules for existing companies to bolster corporate governance.

In its board meeting on Thursday, the Securities and Exchange Board of India (Sebi) might endorse a bigger role for independent directors in the delisting of companies, seeking to reduce the timeline and improving disclosure standards. The board is also likely to amend its LODR (Listing Obligations and Disclosure Requirements) to strengthen corporate governance and ease the compliance burden on listed entities, a top official close to the development told ET.