SEBI woos startup founders with incentives to list in India

Founders of IPO bound technology startups with a personal net worth of as much as Rs 1,000 crore can avail superior voting rights allowing them to retain control even if they sell some of their shares the Securities and Exchange Board of India said on Tuesday.

SEBI’s decision to raise the ceiling is expected to provide an added incentive to the provide an added incentive to the founders of startups and tech firms to list in India. The existing cap to avail SVR benefits at Rs 500 crore were available to promoter groups which have included more than one founder, startup founders who sold company shares worth Rs 500 crore or more were not eligible for SVRs during a listing on Indian bourses.

SEBI introduced SVRs in 2019 as an incentive for tech founders looking to list in India and the changes augur well for start ups looking to list in India.

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