Finance1 min read

Sebi pushes for resilient capital markets, focuses on investor protection: Chairman

By · Published by Everything Blog

In short

The market regulator is pairing sustained corporate fundraising with targeted operational interventions, such as shortening public listing and rights issue timelines. It has also rationalized requirements for large issuers, relaxed merchant banking mandates for specific private debt placements, and permitted lower face value debt securities. Regional market access has grown sharply alongside these reforms, highlighted by West Bengal's investor base expanding past 90 lakh individuals.

Key points

  • Regulatory operational reforms focus on shortening the execution timelines for rights iss…: Regulatory operational reforms focus on shortening the execution timelines for rights issues and public corporate listings.
  • Compliance burdens are easing through lower debt security face values and relaxed merchan…: Compliance burdens are easing through lower debt security face values and relaxed merchant banking rules for private placements.
  • Demographic engagement is skewing younger, with individuals under 30 years old comprising…: Demographic engagement is skewing younger, with individuals under 30 years old comprising about 36 percent of West Bengal's market participants.

Sources checked by our analysis pipeline: 1

Speaking on capital market expansion at the Bharat Chamber of Commerce Investors Forum here, Pandey noted that the market capitalisation has grown strongly over the past decade, with companies raising on average more than Rs 10 lakh crore annually through equity and debt issuances.

"While we continue to strengthen markets for businesses, an equally important priority is investor protection. World-class markets must be not only efficient during normal times, but also resilient during periods of stress," he said.

"Our approach has been to facilitate capital formation, improve ease of doing business, and strengthen investor protection," Pandey said, highlighting that these objectives reinforce each other.

Focusing on regional growth, the SEBI chairman pointed out that participation from West Bengal has expanded considerably, with the number of investors in the securities market increasing from around 12 lakh in the 2015 financial year to over 90 lakh today, approximately 36 per cent of whom are young investors below 30 years of age.

Additionally, 379 listed companies have registered offices in West Bengal, and over 40 MSMEs from the state have accessed capital markets…

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