SEBI Chairperson announces AI tool and template-based system to expedite India's IPO approval process.
SEBI Chairperson Madhabi Puri Buch announced plans to launch a template-based system and an AI tool to expedite the IPO approval process in India. The AI tool will scan IPO documents, leading to faster approvals by December. SEBI is also developing a new, cost-effective fundraising mechanism, combining rights issues and preferential allotments, which will eliminate the need for approval from SEBI and merchant bankers, further streamlining the approval process and improving efficiency for listed companies.
August 01, 2024
15 Articles