Sebi eases eligibility requirements related to superior voting rights shares framework
The Securities and Exchange Board of India (Sebi) said promoters who have a net worth of over Rs 1,000 crore can have superior voting rights in their companies, raising it from the current Rs 500 crore
In addition, the minimum gap between issuance of SR shares and filing of 'Red Herring Prospectus' has been reduced to three months from the existing requirement of six months.