Indian market regulator mandates enhanced disclosure norms for IPO-bound firms

Indian market regulator mandates enhanced disclosure norms for IPO-bound firms

FILE PHOTO: The logo of the Securities and Exchange Board of India (SEBI) is pictured at its headquarters in Mumbai, India, March 1, 2017. REUTERS/Shailesh Andrade/File Photo

India‘s market regulator on Friday mandated enhanced disclosure norms for IPO-bound companies amid concerns that traditional financial disclosures were inadequate for some firms that typically remain loss making for a longer period.

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