India regulator proposes to ease rules for start-up IPOs

[MUMBAI] India's stock market regulator, in a discussion paper aimed at making it easier for start-ups to list at home, has proposed reducing the lock-in period for initial public offerings to six months for all shareholders.

Earlier, the lock-in period varied from one to three years depending on the category of investor.

The recommendations were part of proposals issued on Monday by Securities and Exchange Board of India, which asked for responses by April 20.

REUTERS