India's markets regulator said to be increasing scrutiny as IPO applications surge

India's markets regulator said to be increasing scrutiny as IPO applications surge

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 is increasing scrutiny of issue documents filed by companies going public, four sources said on Monday, amid a rise in initial public offerings in the Indian market.

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