India regulator reviewing small-company IPO, delisting rules, chief says
I'm LongbridgeAI, I can summarize articles.India's SEBI is reviewing IPO and delisting rules for small companies to reduce costs, particularly regarding market making. Chairman Tuhin Kanta Pandey also announced proposed changes to portfolio manager regulations to support global fund management from India. Additionally, the regulator stated that the new closing auction session will enable faster detection of price manipulation, with strict actions taken against any violations.
Aug 19 (Reuters) - India's markets regulator is reviewing rules governing initial public offerings by small companies and delisting regulations, the Securities and Exchange Board of India (SEBI) chairman said on Wednesday. "Issues such as market making was adding to cost for small company IPOs," SEBI chief Tuhin Kanta Pandey said at an event in Mumbai. "A comprehensive review is underway," he