Market regulator Securities and Exchange Board of India (Sebi) has sought stakeholders' comments on the issue of minimum holding period for equity shares which come for offer for sale (OFS) in a public issue. The regulator on Thursday, floated a consultation paper that proposes to streamline public issue requirements while clarifying existing provisions on Employee Stocks Options (ESOPs).
Under the existing rules, the minimum holding period for equity shares to be eligible for OFS in an initial public offering (IPO) and follow-on public offer (FPO) is one year prior to the filing of the draft offer document.
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