SEBI, under Madhabi Puri Buch, is using AI to streamline IPO applications, aiming for faster approvals through template-based forms. Buch reassured industry leaders that SEBI focuses on compliance, not minor details like application language. Recently, SEBI returned IPO filings from several companies, emphasizing India’s global leadership in IPO numbers.
LIC ups stake in SBI to 9.49% via QIP route, buys over 6.1 crore shares
LIC increased its stake in SBI from 9.21% to 9.49% through participation in SBI’s record Rs 25,000 crore QIP. The offering saw overwhelming interest, receiving