Overview

• SEBI will allow startup founders to retain and exercise ESOPs granted at least one year before filing a DRHP even after their companies list.
• Public sector undertakings with 90% or more government shareholding can voluntarily delist via a fixed-price mechanism at a minimum 15% premium, with minority approval thresholds waived.
• Foreign portfolio investors exclusively in government securities will face harmonised KYC timelines and reduced disclosure requirements to ease market entry.
• Category I and II alternative investment funds may launch separate co-investment vehicles to enable investors to back unlisted companies alongside the main fund.
• A one-time settlement scheme has been introduced for stock brokers facing enforcement actions in the NSEL case to facilitate faster resolution of proceedings.