India Regulator Proposes Tighter Rules for Equity Fundraising

3-line summary

• India's securities regulator SEBI released a consultation paper proposing that monitoring agencies report directly to stock exchanges, requiring listed companies of any size conducting equity issuances (excluding offer-for-sale components) to appoint a monitoring agency, according to Investing.com. The proposal would let exchanges fine companies reported as uncooperative with monitoring agency inquiries, with agencies required to note any lack of cooperation in reports based on available information.
• The proposal, released Tuesday, October 13, is not yet finalized. It comes as India's stock market has seen fundraising activity slow amid a selloff tied to the Iran war's aftermath.

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