<ul data-eligibleForWebStory="true"><li>Sebi approved a proposal allowing startup founders to retain ESOPs granted at least one year before filing IPO papers.</li><li>Founders classified as promoters can now hold ESOPs even after IPO under the new relaxation by Sebi.</li><li>This move is expected to benefit public companies planning to list after reverse flipping to India.</li><li>Sebi's chairman, Tuhin Kanta Pandey, shared details of the proposal approved during the board meeting.</li><li>Sebi also approved rationalizing the content of placement documents for Qualified Institutions Placement (QIP).</li><li>Current disclosures required in QIP placements under ICDR norms will be streamlined for efficiency.</li><li>The amendments aim to simplify the placement document, avoiding duplication of information available in the public domain.</li><li>The proposal includes specifying risk factors, the issue's objectives, and the issuer's business in a concise format.</li></ul>

Sebi relaxes Esop norms for IPO-bound startup founders

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