Private equity firms are increasingly using “continuation vehicles” to sell companies to themselves, booking paper gains amid a backlog of unsold businesses. This strategy allows firms to wait for better market conditions, but investors worry about questionable valuations and unrealistic projections, as exemplified by the bankruptcies of Wheel Pros and United Site Services.
Sebi to revamp short-selling, securities lending rules
Sebi is reviewing short-selling and securities lending rules to improve liquidity and price discovery. The regulator is also planning reforms in clearing, broker compliance, custodial