homevideos Newsmarket NewsSEBI seeks immediate corrective action on IPO rules governing QIBs and NIIs
SEBI seeks immediate corrective action on IPO rules governing QIBs and NIIs
CNBC-TV18 has learnt that the Association of Investment Banker of India has sent a mail to its members saying SEBI is looking into some of the rules governing IPOs. These rules have to do with some loopholes that are being used to advantage by QIBs and NIIs, to the detriment of retail investors.
CNBC-TV18 has learnt that the Association of Investment Banker of India has sent a mail to its members saying SEBI is looking into some of the rules governing IPOs. These rules have to do with some loopholes that are being used to advantage by QIBs and NIIs, to the detriment of retail investors.
The concern is that in a few cases, funds against last day applications by NIIs and QIBs are not coming in because of the T+1 and T+2 option available to them and this could be leading to a gaming of the system.
CNBC-TV18 learns that SEBI has sought immediate corrective action.
Watch video for more.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Two TMC activists injured in attack in Bengal's Cooch Behar hours before polling
Apr 19, 2024 12:09 PM
Lok Sabha Polls 2024: Here is how the markets fared in Modi government's second term
Apr 19, 2024 11:44 AM
Lok Sabha elections 2024: Dibrugarh braces for intense electoral battle
Apr 19, 2024 11:18 AM
Haridwar Lok Sabha elections: Tight contest between BJP, BSP, and Congress
Apr 19, 2024 10:33 AM