The company may approach the market afresh after the ongoing proceedings initiated by Sebi are concluded and subject to any directions issued, the regulator said in an order on Tuesday.
Market participants faced confusion during the new auction system’s debut. Indices and stock values diverged significantly, catching traders by surprise. The new system determines closing
Indian stock valuations are lower, but earnings have disappointed, limiting re-rating potential. Global capital’s return to India is not yet a major turn, according to
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