Sebi board likely to relax rules for MFs, large IPOs, FPIs in Friday meet

The Securities and Exchange Board of India (Sebi) is expected to clear a wide range of reforms at its upcoming board meeting on September 12.

- KHUSHBOO TIWARI

The proposals include relaxations in dilution norms for mega initial public offerings (IPOs), simplification of rules for foreign portfolio investors (FPIs), updates in stock broker regulations, and easing of rules for accredited investors in certain alternative investment funds (AIFs), according to sources.

This will be the second board meeting of the financial year, and the third under Chairman Tuhin Kanta Pandey, who has consistently stressed on the need for "optimum regulation".

Emailed queries to Sebi remained unanswered until press time.