- Securities market regulator SEBI has approved the renaming of Institutional Trading Platform (ITP) as Innovators Growth Platform (IGP).
- IPT is a window on stock exchanges where e-commerce, data analytics, bio-technology and other startups can list and trade on their shares.
- The minimum application size and minimum trading lot to be INR Rs. 2 Lakhs and in multiples of INR Rs. 2 Lakhs thereof. Earlier it was Rs 10 lakhs.
- SEBI has also Reviewed the framework for Offer for Sale (OFS) of shares through Stock Exchange mechanism.
- OFS mechanism shall be available for shareholders of companies with market capitalization of Rs.1000 crores and above. Earlier OFS mechanism was available to top 200 companies by market capitalization.
Points to remember:
- Full form of IGP and OFS.
- Minimum application size and minimum trading lot under IGP?
- OFS mechanism shall be available for shareholders of companies with market capitalization of?