SEBI hikes retail investor limit in IPO to Rs 2 lakh

Posted: 25 Oct 2010 08:42 AM PDT

Retail investors are elated as Securities and Exchange Board of India (SEBI) Chairman CB Bhave on Monday increased the investment limit in initial public offer (IPO) and follow-on offer (FPO) to Rs 2 lakh from current Rs 1 lakh.However, he was quick to add that there is no change in retail investors quota of public offers. The SEBI discussed issues like preferential allotment to promoters, the takeover regulations, among other issues. The market was expecting some kind of indication on...

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