SEBI's Board approves measures to boost market governance
SEBI's Board has approved measures to boost market governance. For IPOs, large companies with over ₹5 lakh crore market cap must dilute at least 1% of their stake, reaching 15% in 5 years and 25% in 10 years. Anchor investor allocation is increased to 40% with focus on domestic mutual funds. Mutual fund exit loads are now capped at 3%.