PolicyBazaar, Ola, Uber likely to request SEBI for favorable IPO norms
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Companies like PolicyBazaar, Ola, Uber are looking to request the Security Exchange Board of India for easier IPO norms. The companies are actively looking to list themselves on the stock exchange. According to current norms, a promoter must hold 20% stake at the time of listing, and the contribution must be locked in for 3 years. The founders of the companies are going to meet in the upcoming weeks for the petition.