New Delhi, May 21 (IANS) Securities and Exchange Board of India (SEBI) in a consultation paper on Thursday proposed a sweeping reform in calculation of stock prices during IPO listings and re-listings.Current system of price discovery is artificially suppressing prices and triggering repeated upper circuits once trading begins, the market regulator said.It proposed automatic and faster expansion of price bands whenever strong investor demand emerges, reducing the need for manual intervention by …
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