Saturday, August 9, 2008

Sebi reduces IPO listing time to 7 days

Sebi will reduce IPO listing time from 21 to 7 days but it may happen in next in 6 months time .

Primary market reforms are on top of the agenda of India’s capital market regulator SEBI. SEBI wants to kick off the exercise by cutting down the time between a company’s public issue and the listing of its stock from 21 to seven days. SEBI also wants to iron out glitches in SEBI’s investigation and legal wings and make sure that involved parties are heard before any judgment is passed. The market is not in the best of health.
Isn’t it an ideal time for reforms as nobody will accuse SEBI of spoiling the party.

No comments: