Thu Jun 18, 2009 6:08pm IST
MUMBAI (Reuters) - India's capital markets regulator on Thursday approved the concept of anchor investor under which an investor can subscribe up to 30 percent of the quota for institutional investors in an initial public offering. C.B.Bhave, chairman of the Securities and Exchange Board of India (SEBI), told reporters after a board meeting that entry load for investments in mutual funds would be removed. The regulator had earlier this year amended rules for declaring price band of initial public issues, reduced timeline for bonus issues and changed its rules on mandatory open offers in a drive to make the capital markets more investor friendly. © Thomson Reuters 2009 All rights reserved _________________________________________________________________ Stay updated! Add Facebook, LinkedIn, MySpace & Hi5 friends to your Windows Live network instantly. Add Now! http://profile.live.com/webactivities/?mkt=en-in --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---
