SEBI Reduces Timeline for Listing of Shares in Public Issue from Existing T+6 Days to T+3 Days
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- By Chetan Kulasri
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- Last Updated on 11 August, 2023
Latest from Taxmann
Circular No. SEBI/HO/CFD/TPD1/CIR/P/2023/140, Dated: 09.08.2023
SEBI has reduced the timeline for listing shares in public issues from existing T+6 days to T+3 days. Accordingly, SEBI has issued revised timelines for listing specified securities and various activities involved in the public issue process. The T+3 listing timeline must be disclosed in Offer Documents for public issues. The circular shall be applicable on a voluntary basis for public issues opening on or after 01.09.2023, and it will become mandatory for public issues opening on or after 01.12.2023.
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