The Securities and Exchange Board of India (Sebi) has proposed to make it easier for companies to delist after an open offer by allowing the acquirer to launch both processes simultaneously.
Sebi noted that Capital Money Mantra and its sole proprietor Gaurav Yadav have carried out investment advisory activities without obtaining a certificate of registration from the regulator
MUMBAI: Nikhil Kamath, the co-founder of stock broking firm Zerodha and Chief investment Officer of alternative investment fund True Beacon, believes re-establishing short-selling in a meaningful way in India can nurture instead of hinder price discovery in the stock market.
“Short selling will help price discovery, particularly in securities which don’t have derivatives,” Kamath told ETMarkets.com in an interview.
In India, short-selling as seen in the US and other parts of the world is banned. The horrific episodes of the Harshad Mehta and Ketan Parekh scams in early 1990s and 2000s, respectively, have convinced the market regulator forever that it is better off without it.