💨 Abstract

SEBI chairperson Madhabi Puri Buch announced that the regulator is implementing AI for faster approval of IPOs and mutual funds applications. As of November 2024, only two IPO applications were pending for more than six months, a significant decrease from March 2022. Similarly, the number of pending mutual fund applications over six months old has also reduced significantly. The Indian IPO market is witnessing a boom, with over 3.3

Courtesy: theprint.in

Summarized by Einstein Beta 🤖