Primary market News
Sebi strengthens anchor investor allocation process
The capital market regulator has clipped the wings of merchant bankers which used discretionary powers to allot shares to favourite institutional entities as part of the anchor investor (AI) mechanism. The Securities and Exchange Board of India (Sebi) has tweaked the norms, to make the allotment more robust and transparent.
Sebi has prescribed the maximum and minimum number of anchor investors that
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