🏛️ Navigating SEBI’s 2025 Private-Placement & AIF Amendments
Summary: SEBI’s March 2025 ICDR and AIF rule changes reshape how unlisted companies raise capital. Learn what the new limits, disclosures, and demat mandates mean—and how InvestoEdge can guide you through compliant deals.
Key ICDR Amendments (Mar 2025)
- Introduction of Stock Appreciation Rights (SARs) as dilutive instruments, alongside ESOPs.1
- Extended lock-in relaxations for institutional anchor investors.
- New disclosures on pre-IPO convertible instruments required in RHPs.1
AIF Category II Updates (Effective Oct 2025)
- Due-diligence mandates when >50% corpus from limited investors.2
- Dematerialization requirement for all existing unlisted holdings by Oct 31, 2025.2
- Expanded scope to include listed debt rated ‘A’ or below.
How InvestoEdge Helps
Our compliance team tracks every SEBI circular, updating our dashboard so you can structure transactions—private placements, AIF subscriptions, ESOP secondaries—without regulatory surprises.