The Securities and Exchange Board of India (Sebi) plans to ease norms for companies which are majority owned by private equity (PE) and venture capital (VC) firms and seeking to list on stock exchanges.
Such firms will be allowed to list without their majority shareholders being classified as promoters, which brings with it certain obligations such as a lock-in period for shareholding, but who are granted some rights akin to what promoters hold, said two people aware of the matter.
