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INDIAN (B)

Sebi reduces IPO timeline by half

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Markets regulator Sebi on Friday took another step towards cutting down on the time taken for listing of IPOs from six working days after the close of the book-building process (T+6) to three days (T+3). The regulator has modified the process through which retail investors can apply for IPOs using the UPI mechanism in Application Supported by Blocked Amount (ASBA) in banks.



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