Discussion
SEBI has proposed a set of changes to relax rules and rename the institutional trading platform as what?
Answer: A
Correct answer: High Tech Start Up & Other New Business Platform
SEBI proposed renaming the Institutional Trading Platform as the High Tech Start Up and Other New Business Platform, alongside relaxations to its rules.
The platform had been created to let start-ups list and raise capital without meeting the profitability and track-record requirements of a main-board listing, but it attracted almost no listings. The rename and the relaxed rules - on shareholding, allotment and disclosure - were an attempt to make it usable, and to keep Indian start-ups from listing abroad for want of a domestic route.
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