Sebi to take a call on delisting

Mumbai: Sebi chairperson Madhabi Puri Buch on Thursday said the markets regulator’s board will be discussing potential changes on delisting at its next meeting. Addressing an event organised by industry body Ficci, Buch said the Sebi management will also table changes on insider trading norms before the board either in December or January.

“There was a popular belief that we will never review the delisting regulations and we will always stay with the reverse book building process. We have a consultation paper that was floated, we have got a lot of feedback and at the next board meeting we are taking that proposal to our board,” Buch said.

Similarly, she said it was widely believed that Sebi is “very dogmatic about insider trading, but the regulator has initiated a relook into the same by initiating consultation.