BSE Limited has tightened the eligibility criteria for SME companies seeking to migrate to the mainboard. The exchange now requires a higher operating profitability of Rs 15 crores for the last three financial years, with a minimum of Rs 10 crores each year. Additionally, the minimum number of public shareholders has been increased to 1,000.
InvITs industry pushes for easier M&A rules to boost investor interest
India’s InvITs sector, managing ₹7 lakh crore in assets, is urging regulators for simpler M&A rules. Industry leaders want change of control guidelines to match