Securities and Exchange Board of India (Sebi) is considering a proposal to tweak rules for market making in SME exchanges. According to the framework, market making is compulsory for three years for companies listing on these exchanges to provide an exit to investors. But, the exchanges have put forward certain practical difficulties and requested certain changes in the rules. Though the regulator is not too keen to relax the timeline of three years, it is considering other proposals, officials in the know said.
Source: Business Standard
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