SEBI Update- Reduction of timeline for listing of shares in Public Issue from existing T+6 days to T+3 days

SEBI has reduced the timeline for listing securities after the closure of public issue to three days, from the current six working days.

With T as the issue-closing date, the securities will now have to be listed on T+3 day versus the current T+6 day. This will be an option for public issues opening after September 1, 2023, and will be a mandatory requirement for issues opening after December 1, 2023.

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