Anchor Investor - SEBI approves concept of anchor investor

The Securities and Exchange Board of India (SEBI) Chairman, C B Bhave on Thursday approved the concept of anchor investor (AI). The new entity will be allowed to take part in the public offers to give the required boost to the primary market.

During the board meet, it was also decided that anchor investor will get up to 30 per cent of the QIB portion. As reported by NDTV Profit on June 16, Sebi has also allowed lock-in period of 30 days after the issue is approved.

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