Sebi Seeks to Regulate Unlisted Share Market

The Securities and Exchange Board of India (Sebi) wants to regulate the unlisted share market, which is currently not well-controlled.

Legal experts agree that Sebi should be given the power to oversee this market.

They believe that Sebi can do this job without needing a new regulator, just by changing some laws.

Right now, there are big differences in prices between unlisted shares and those sold during initial public offerings (IPOs).

For example, Tata Capital's shares were much more expensive in the unlisted market than when they were officially sold.

Experts say this happens because there are no rules to make sure everything is fair and clear.

Sebi is thinking about creating a special platform for trading shares before IPOs, which could help fix some of these problems.