Show: Business
Category: Business
Tags:
SEBI,U K Sinha,IPO,English,Mumbai
Published Date: January 04, 2012
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Mumbai, January 4 (ANI): India's market regulator, Securities and Exchange Board of India (SEBI), has decided to have a relook at the entire process of raising funds via initial public offerings. Addressing mediapersons on Wednesday in Mumbai, SEBI's Chairman, U K Sinha said that it is important for people to first understand the rationale behind SEBI's decision. Sinha informed that a probe revealed misuse or diversion of IPO proceeds, inadequate documentation and due diligence and possible trading violations on the day of listing of some IPOs.