Investors’ eligibility for the said split shall be determined based on the record date i.e. October 3, 2022. This means that investors holding equity shares of Maximus International in their demat account as on the record date will be entitled to receive split shares.
Sebi board meeting: Regulator eases IPO rules for start-up founders, mandates dematerialisation of securities
SEBI has relaxed ESOP rules for startup founders, allowing them to retain or exercise share-based benefits post-listing, provided they received them at least a year