Sebi widens IPO anchor book to include insurers and pension funds, raises reservation to 40%
In a move aimed at broadening the pool of long-term institutional investors in initial public offerings (IPOs), the Securities and Exchange Board of India (Sebi) on Friday amended the ICDR Regulations to extend anchor investor participation beyond domestic mutual funds. Also Read: Sebi eases minimum public offer norms, minimum public shareholding timelines for large IPOs…