Sebi is proposing easier ways for legal heirs to claim securities. The regulator wants to simplify paperwork and procedures when an investor passes away. Higher limits for simplified documentation are suggested. Straight-through processing will be introduced for small claims. This aims to speed up the return of assets to survivors. The market has grown, and current limits need updating.
SBI Funds reduces IPO size to Rs 9,813 crore after pre-offer placement. Will it impact listing gains?
SBI Funds Management has cut its IPO size to Rs 9,813 crore from Rs 11,693 crore after raising Rs 1,655 crore through a pre-IPO placement