Sebi drops IPO grading, allows cos to file shelf prospectus

Dec 25 2013, 01:29 IST
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SummaryThe Sebi's board approved the proposal to make the IPO grading system voluntary

at least Rs 500 crore.

Corporate bonds accounted for 21 per cent of the overall outstanding debt of Rs 62 trillion in the country, with the rest controlled by the government securities market, according to a study by rating agency Crisil last month.

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