A change in Sebi’s listing norms for companies majority-owned by private equity and venture capital firms for could help firms such as ReNew Power, Sutures India, CMS Info Systems, Ecom Express and MEDALL Healthcare come to the market. Photo: Hemant Mishra/MintMumbai: The Securities and Exchange Board of India (Sebi) plans to ease norms for companies which are majority owned by private equity (PE) and venture capital (VC) firms and seeking to list on stock exchanges. Current rules classify firms as promoter-driven or professionally managed. Thus, when PE- or VC-owned firms list, there is an exit of stakeholders who oversaw the growth phase of these companies, which is a key factor in such companies being hesitant to come to the market. A change in norms could help companies such as ReNew Power Ventures Pvt.

Source: Mint June 13, 2017 20:15 UTC