News & Media 21st Jun 2024
A host of informal advisories pertaining to initial public offerings (IPO) has created a stir and added to the uncertainty for companies, investment bankers and law firms. The regulator recently sent a 31-point advisory to bankers, requiring enhanced disclosures and increased due diligence on companies tapping the market for an IPO. Over time, it has expanded the promoter definition for founders of IPO-bound companies.
The regulator has been issuing several informal advisories through the Association of Investment Bankers of India for over two years now.
Against this backdrop, Our Partner, Manendra Singh has been quoted in an article, “Informal advisories: Is SEBI walking on the right side of law?” written by Ashley Coutinho published in Hindu Businessline.