The proposal to reduce the time period for listing shares in a public issue from the current 6 days to 3 days, beginning on the day that the offering is closed (T Day), has been given the green light by the board of directors of Sebi.
The new timeframe of T+3 days will be implemented in two stages when it comes into effect.
For all public issues opening on or after September 1, 2023, the new listing term will be optional, but it will be required for problems coming out on or after December 1, 2023.
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