India Tweaks IPO Rules to Allow Easier Listing For Big Firms (2)

India’s securities market regulator on Friday made it easier for very large private companies to go public in one of the world’s top destinations for first-time share sales this year.

Companies with market capitalization of more than 5 trillion rupees ($56.5 billion) can now make an initial public offering of as low as 150 billion rupees and dilute 2.5% equity stake, the Securities and Exchange Board of India said in a statement following its board meeting.

Such companies will be allowed five years to raise the minimum public shareholding to 15% and to 25% in the next five years, according ...