Regulator Warns: Stop SME Listings Amid Fraud Concerns and Market Frenzy
Ashwani Bhatia, a key member of the Securities and Exchange Board of India (Sebi), emphasized the need for exchanges to be cautious about listing small and medium enterprises (SMEs) due to rising fraud risks. As the Market capitalization of SMEs has hit Rs 2 trillion, Bhatia raised concerns about inadequate due diligence from auditors and ...