Sebi mulls stock payment system bypassing brokers

August 8, 2022

At present, such a system exists in the ‘primary’ or IPO market. Sebi is exploring bringing the ‘fund-blocking mechanism’ to the secondary stock market. Known as ASBA or Application Supported by Blocked Amount, this method is mandatory for investing in initial public offerings (IPOs).

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Adani Green Energy H1 Update: Operational capacity rises 24% YoY to 20,763 MW, energy sales jump 32%

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