scorecardresearchSebi has no business to suggest IPO pricing of new-age tech firms, says chairperson Madhabi Puri Buch

Sebi has no business to suggest IPO pricing of new-age tech firms, says chairperson Madhabi Puri Buch

Updated: 13 Sep 2022, 01:13 PM IST
TL;DR.
Madhabi Puri Buch, the career-banker-turned-regulator and the first woman chair of Sebi, explained through an example of a company selling shares to investors at 100 and then asking for 450 in an IPO within a few months.
The proposal to bring mutual funds within the fold of the SEBI’s Prohibi-tion of Insider Trading Regulations, 2015, is, in some sense, an illustration of needless procedural complexities being set in motion (Shutterstock)

The proposal to bring mutual funds within the fold of the SEBI’s Prohibi-tion of Insider Trading Regulations, 2015, is, in some sense, an illustration of needless procedural complexities being set in motion (Shutterstock)