India, June 19 -- The Securities and Exchange Board of India's (SEBI) board has approved a slew of amendments to boost Indian startup listings and promote reverse flipping.

At the 210th meeting in Mumbai, the market regulator's board gave its nod to a proposal allowing startup founders to retain their stock options (issued a year prior to the IPO) even after their companies are listed, with certain caveats.

"The proposal approved by the board shall facilitate founders who received such benefits at least one year prior to the filing of DRHP with the board, to continue holding, and / or exercising such benefits even after being specified as the promoter/s and the company becoming a listed entity," the SEBI said in a statement.

Currently,...