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Hi-tech companies get a boost by NSE - Views on News from Equitymaster
 
 
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  • Jun 15, 1999

    Hi-tech companies get a boost by NSE

    The National Stock Exchange in a bid to make listing much easier has reduced the level of minimum paid-up equity capital required for existing Hi-technology companies as well as initial public offerings (IPO's) by such companies.

    The minimum paid-up capital norm has been reduced from Rs 100 m to Rs 50 m, while the minimum capitalisation at the time of issue has been raised to Rs 500 m from Rs 400 m previously. The overall threshold limit for existing companies has been kept at Rs 100 m paid-up equity and a market cap of not less than Rs 250 m.

    Sources at NSE stated that this step has been taken with an eye on the future where Hi-technology companies will have low paid-up capital but a high market value. These norms will come into effect from July 1, 1999.

     

     

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