SEBI is considering regulating the grey market for unlisted shares, aiming to improve price discovery before IPOs and boost government tax revenue. This initiative comes as India’s IPO market sees significant growth despite global economic uncertainties. SEBI plans to collaborate with the corporate affairs ministry and stock exchanges to establish a regulated pre-IPO trading platform with necessary disclosures.
Warning Signal? FIIs cut stake in 11 smallcap stocks in the last 3 quarters; prices crash up to 70%
Reliance Power’s shares declined as the Enforcement Directorate filed a chargesheet in a fake bank guarantee case, weighing on investor sentiment and drawing renewed attention