Reduction in listing time for IPOs to save Rs 800 cr: Crisil: "New Delhi: Market regulator SEBI's move to reduce the time lag between the closure of an issue and its listing will save retail buyers about Rs 800 crore annually on interest paid on the money borrowed for investments, says a study by research and rating agency Crisil.
The SEBI's 'recent directive to reduce the time between the closure of an IPO and its listing to 12 days from 22 will lead to interest savings of approximately Rs 800 crore annually for the retail and high net worth individual (HNI) investors,' the study said.
The move by capital market regulator will help investors save interest cost on the fund borrowed for investing in IPOs and get back their their money faster."
Monday, April 19, 2010
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