scorecardresearch
Follow Us:
Wednesday, August 05, 2020

Spike in equity market retail participation seen since lockdown, Sebi chief says

New demat accounts have shot up as several participants were first time investors, Securities and Exchange Board of India (Sebi) Chairman Ajay Tyagi said at FICCI event on capital markets.

By: PTI | New Delhi | Updated: July 22, 2020 1:22:34 pm
Sebi, Ajay Tyagi, Securities and Exchange Board of India, Karvy Broking Services, Karvy Broking Services news, Karvy Broking Services crisis, Karvy Broking Services fraud, Indian express Sebi Chairman Ajay Tyagi (centre), along with officials in Mumbai. (File photo, source: Express photo/Amit Chakravarty)

Retail participation in the equity market has increased since the lockdown to contain the coronavirus pandemic began, Securities and Exchange Board of India (Sebi) Chairman Ajay Tyagi said on Wednesday.

New demat accounts have shot up as several participants were first time investors, Tyagi said at FICCI event on capital markets.

“We have seen huge participation of retail investors in the last few months,” he stated.

Besides, he said that the regulator has come out with host of measures to make it easier for corporates to raise funds as many companies are facing various challenges due to the pandemic.

These measures include relaxation in norms pertaining to rights issue, follow-on public offer, qualified institutional placements creeping acquisition of shares by promoters and easier pricing framework for allotment of shares through preferential issue, he added.

To help companies having stressed assets raise capital through preferential allotment, Sebi has relaxed pricing methodology for such issues and exempted allottees from open offer obligations.

📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines

For all the latest Business News, download Indian Express App.

Advertisement
Advertisement
Advertisement
Advertisement