New Delhi: Securities markets regulator Sebi’s board on Tuesday tweaked norms governing the lock-in period for anchor investors.

“The existing lock-in of 30 days shall continue for 50 per cent of the portion allocated to anchor investor and for the remaining portion, lock-in of 90 days from the date of allotment shall be applicable for all issues opening on or after April 1, 2022,” the market regulator said in a statement.

This will be applicable for all issues opening on or after April 1, 2022.

The move by the regulator comes at a time when shares of Zomato and Paytm declined just after the end of the mandatory one-month lock-in, when an investor cannot sell his portfolio and exit from the deal.

Besides, for promoters, the lock-in requirement for allotment up to 20 per cent of the post issue paid-up capital shall be reduced to 18 months from the existing 3 years.

The lock-in requirement for allotment exceeding 20 per cent of the post-issue paid-up capital shall be reduced to six months from the existing one year.

For non-promoters, the lock-in requirement for allotments shall be reduced from a requirement of one year to now six months.