SEBI vide circular CIR/CFD/DIL/3/2010 dated April 22, 2010 has issued the indicative timelines for various activities in the proposed issue process, wherein the time period between issue closure and listing is reduced to 12 working days. Earlier on April 6, 2010 SEBI had decided to reduce the time period between issue closure and listing to 12 working days from the current 22 days for public issues opening on or after May 1, 2010.
A copy of the circular is available here.
Thursday, April 22, 2010
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