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The brand new Ties and you can Replace Panel from India (SEBI) advice towards the e-book-building procedure to possess individual financial obligation location will probably promote significantly more transparency on the bidding strategy and price finding system, a component of issuers and investors has said.
The main city areas regulator on the October 10 tweaked the new electronic bidding system (EBP) norms to handle brand new concern away from ‚fastest thumb first‘ where in actuality the bidders deploying specialised technical were edging out those with higher bids.
„The new modification brings in a clear putting in a bid and price knowledge method, as the endurance limitations for usefulness, putting in a bid limits having arrangers and you will penalty in case there is default provides already been changed,” told you Divam Sharma, Co-inventor, Green Portfolio, good SEBI-entered PMS provider. Continue reading »