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Jumpin' Jack Flash

  • IPO norms were loaded in favour of FIIs. Now promoters' discretionary quota to go.
  • SEBI imposes 10 per cent margin money now on FIIs to curb proxy, irrational bids
  • SEBI wants public to hold at least 25% share in listed firms
  • Vested interest groups drive up share prices prior to IPO
Published At:
US