The Securities and Exchange Board of India (SEBI) has approved changes to its reverse flipping, and Employee Stock Ownership Plan (ESOP) norms.
It aims to ease the Initial Public Offering (IPO) process for startups.
Reverse flipping is the process of transferring the ownership of an Indian startup entity from a foreign jurisdiction to India.
Earlier, equity shares acquired under approved schemes for an Offer for Sale in a public issue were exempt from one-year minimum holding period requirement.