To provide a boost for startups seeking to get listed, capital markets regulator Sebi’s board on Friday approved easing of norms for accreditation of investors willing to invest in such new-age entities.
At a meeting here, the Sebi board approved a framework for the process of accreditation of investors for Innovators Growth Platform, which will be the name of the stock exchange platform where new-age startups would be listed.
Under this framework, the investor having a demat account will make an application to the stock exchanges or depositories to be recognised as an ‘accredited investor (AI)’.
