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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 …
