The Securities and Exchange Board of India (Sebi) is looking to tighten listing norms to prevent fly by night operators from getting listed on stock exchanges, reports Mint. plan is to increase the minimum net worth requirement, the proportion of assets held in tangible form, the number of years of profitability and the minimum number of public investors to whom shares are allotted, said sources. By doing so, Sebi wants our web page to ensure that companies with stronger businesses and a potential to maintain profitability during the initial years of listing are allowed to go public, sources stated. (Picture courtesy: Mint)
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