 "sebi")
The Securities and Exchange Board of India will be floating a consultation paper on the implementation of an application supported by blocked amount (ASBA)-like mechanism for the secondary market by March 2023-end, said Sebi chairperson Madhabi Puri Buch.
The market regulator plans to introduce the new mechanism through a glide path, beginning with delivery-based trades. Buch said Sebi has been actively engaging with market participants and investors for the co-creation of the whole process.
On the matter of reducing timelines for approvals for Initial Public Offerings (IPOs), Buch said there are a few repeat offenders among merchant bankers, and to
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