THE SECURITIES AND Exchange Board of India (Sebi) has noticed "signs of manipulation" in the small and medium enterprises (SME) segment, chairperson Madhabi Puri Buch said on Monday.
"The market has given us its feedback (on how such manipulations are done) and has advised us on how we can identify such cases and... deal with them," Buch said on the sidelines of an Amfi event felicitating women fund managers in Mumbai.
The markets regulator may soon tighten norms for the SME platform. However, it is working to evidence the actual stock price manipulation at the IPO as well as trading level.
"We are able to see certain patterns. However, as per our regulation, the way that we need to construct the entire case, we do need to take some time to do that in a robust manner," she added.
According to Buch, Sebi has attempted to provide a listing environment for SMEs that is more facilitative, and thus less regulated than listing for the mainboard.
This is because SMEs may find it hard to comply with many of the requirements that are there for the mainboard companies. However, the markets regulator received feedback of some entities misusing this facilitative framework.
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