business 🏛️ SEBI won't change closing auction mechanism yet
SEBI is currently not planning any changes to the closing auction mechanism, according to Tuhin Kanta Pandey. This statement was made regarding stakeholder feedback on the existing system. Furthermore, SEBI is approaching the end of its regulatory review concerning the NSE's proposed initial public offering. The NSE IPO is structured as an offer for sale by the existing shareholders. The regulatory body will likely issue further updates after completing this review process.