Sebi’s primary market reforms panel is reviewing how company promoters are defined for IPOs. The committee proposes companies must justify their promoter identification in offer documents. This aims to prevent misleading investors by clarifying who truly controls a company. The panel suggests focusing on actual control rather than just shareholding. Upcoming discussions will shape new regulations for IPO disclosures.
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Sebi panel mulls overhaul of promoter definition for IPO-bound companies
