Economy News Details
Securities and Exchange Board of India (SEBI) stated that it wants to reduce the time required for IPO processing to 7 days from 20 days over the next one year.
However, the primary market is still inefficient compared to the secondary market stated Sebi Chairman, C B Bhave.
Meanwhile, he also said that the timely settlement of transactions continue to be a challenge in the system while there was a need to reduce the cost of mutual funds and the risk of investors.
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