With an aim to strengthen its oversight and policymaking roles in the wake of fast-changing market dynamics, market regulator Securities and Exchange Board of India is bringing on board consultancy firm for an overhaul of its functions and organisational structure.
Sebi has already got some Expressions of Interest (EoIs) from some domestic and international consultancy firms and the process of shortlisting the names could begin later this week, a senior official said.
A decision on the final name could be taken by the end of this month, after presentations by the shortlisted consultants before a Consultancy Evaluation Committee, examination of their technical and financial bids and further due diligence on them, he added.