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    <title>Sebi clears relaxations on large cos IPOs, other reform proposals</title>
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    <description>The board recommended statutory amendment to relax Minimum Public Shareholding (MPS) obligations for very large issuers by reducing initial mandatory public float percentages for specified market capitalisation bands and extending the timeframe to reach the 25 percent MPS, enabling listings with smaller initial IPOs and phased post listing dilution.</description>
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