The Securities and Exchange Board of India’s attitude to initial public offerings (IPOs) appears to have swung from being liberal to over-regulatory within the space of two years. While some new requirements involve additional disclosures that could help investors and issuers, others cannot be termed market-friendly. For instance, the regulator has proposed a committee of independent directors to justify the IPO-pricing band, using quantitative means. Our lead editorial notes that this should be avoided. Read here
The installation of Mapanna Mallikarjun Kharge as party president points to the continuation of Gandhi family hegemony with all its opacity