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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The market regulator issues a notification urging investors to be wary of the ‘unrealistic picture’ painted by some SME promoters.
With SME IPOs becoming the toast of the season, and days after a company with just two showrooms and eight employees received an overwhelming response to its share offering, the Securities and Exchange Board of India (SEBI) issued a warning to investors about the risks associated with such companies projecting an “unrealistic picture” of their business.
“It has come to the notice of SEBI that, post listing, some of the SME companies and/ or their promoters have been resorting to certain means that project an unrealistic picture of their operations. Such companies / promoters have been seen to make public …
Parent AceVector is headed for a public market debut next week. As much as 97% of its revenue comes from two businesses. One is already a listed entity, the other a missed opportunity.
The kingdom is moving to tighten the rules around public listings, algorithmic trading, trading in foreign securities and company disclosures—all in an effort to chase transparency.
Thinly traded listed entities have long served as breeding grounds for stock manipulation, hurting investors. The regulator, the NSE and BSE now want to fix things by focusing on efficient delisting.
