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Sebi proposes changes to start-up listing norms

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“The cap of 25% was a major hindrance as the rules for start-up listing are different. There is always a high possibility based on the valuation and funding need of the start-up that a PAC could hold more than 25%,”

Raja Lahiri
Partner, Grant Thornton Bharat LLP

This article appeared in Live Mint on 30th July, 2016.