ADVERTISEMENT
India’s Market Regulator Takes The UPI Route To Speed Up IPOs
Come July, any retail investor looking to subscribe to an IPO will have to apply using the UPI platform.
13 May 2019, 03:55 PM IST
Come July, any retail investor looking to subscribe to an initial public offering will have to whip out his or her phone and apply using the Unified Payment Interface or UPI platform. The rules, being implemented in phases, will lead to quicker verification of applicants and speed up the IPO process, the regulator hopes.Last November, the Securities and Exchange Board of India issued a circular which required retail investors to use ...
I’m already a Subscriber Sign In
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Choose a plan
Renews automatically. Cancel anytime.
As a Subscriber you get
Full Access to
NDTV Profit App
Exclusives
Premium Stories
Access to
Stories
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Minimal Ad
Experience
Members-Only
Rewards
Still Not convinced ? Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT