User image.

The brand new Securities and you may Change Board of Asia (SEBI) recommendations on the ebook-building process to have individual obligations positioning will in all probability provide a lot more transparency in the bidding method and you may price knowledge mechanism, a component of issuers and you may investors states.

The main city markets regulator into the Oct ten tweaked new digital bidding system (EBP) norms to handle new matter out of 'fastest hand first' the spot where the bidders deploying specialised technology was basically border out people who have large bids.

"New amendment brings in a transparent putting in a bid and you will speed breakthrough device, because endurance limitations having applicability, putting in a bid restrictions to possess arrangers and you will punishment in the event of default possess started changed, told you Divam Sharma, Co-creator, Eco-friendly Collection, a beneficial SEBI-joined PMS vendor.