Economic TimesLean R·
Sebi plans comprehensive review of rules governing SME IPOs
Mumbai: The Securities and Exchange Board of India (Sebi) has planned a comprehensive review of rules governing IPOs by small and medium companies, its chief, Tuhin Kanta Pandey, said Wednesday. Separately, he said the new system for determining the closing prices of most frequently traded securities detects manipulation much faster than was possible with the earlier mechanism. "Issues such as market making were adding to the cost for small-company IPOs," Sebi chairman said at an industry event…
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