Investors on regional stock exchanges may face a flood of vanishing companies
June 10, 2014
With investor participation already at abysmally low levels, the SEBI in its hurry and disregard for implications of it actions, may bring another nail down on the retail investor coffin
Moneylife Digital Team
Virendra Jain of Midas Touch Investors Association sent a strongly worded letter to UK Sinha, chairman of the Securities and Exchange Board of India (SEBI) protesting the exit options provided by the market regulator to regional stock exchanges (RSEs) leaving lakhs of investors in these exchanges in a lurch. According to Jain, none of the guidelines issued by SEBI for RSEs, provide exit options for shareholders. In fact, none of the processes required for relisting have been probably instituted or overseen by the SEBI, he alleged.