Mumbai, Aug. 19 -- In a consultation paper released on Monday, the securities market regulatory SEBI has recommended relaxing the minimum public offer requirements for very large companies, and also extending the timelines for these companies to meet minimum public shareholding norms.

The proposed framework, if adopted, is aimed at reducing the immediate dilution pressure on issuers while enabling them to meet public shareholding requirements in a phased manner.

As part of this approach, the Securities and Exchange board of India (SEBI) has propsed retaining the retail quota at 35 per cent, in line with the existing regulations.

SEBI had previously proposed cutting the retail quota for IPOs above Rs 5,000 crore from 35 per cent to 25 p...