-
Apr 09, 2026
-
SEBI brings lock-in mechanism for pledged shares
The Securities and Exchange Board of India (Sebi) has introduced a mechanism to lock in pledged shares, particularly those of initial public offering (IPO)-bound companies. This effectively restricts the sale or transfer of shares, especially by promoters, during their lock-in period. Depositories will now consider such shares to be ‘non-transferable’ for the applicable lock-in period, as per a circular issued by the markets regulator on Wednesday.
|