Letters: High-handed treatment

Sebi should have acted more maturely and with pragmatism to ensure investors did not feel cheated

With reference to the editorial, “Sebi jumps the gun” (August 10), there is no doubt about the intention of the Securities and Exchange Board of India. It has directed stock exchanges to initiate action against 331 companies, which are suspected to be shell companies. But Sebi’s move will lead to panic among investors, both retail and institutional, who own shares of these companies.
 
When a company has extensive operations, it need not be subjected to such treatment without notice. It is good to be cautious but being overly concerned and causing hassles for investors are not by any means