Fears about participatory notes overblown, startups not interested to list in India: Sebi Chief

Zee Media Bureau

New Delhi: Securities & Exchange Board of India (Sebi) chairman UK Sinha in an exclusive conversation with Economic Times said that the belief about impact of Brexit remaining mute is not correct. Sinha issued a warning in this respect and advised stakeholders to remain vigilant.

He said that the impact must be watched out closely since it was as per him the most impactful occurring after World War II whose implications will be seen for quite long.

He also added that the fears about participatory notes (PNs) in India is not overblown by any means.

Talking about startups, Sinha said that the these homegrown businesses are not very much keen to list locally despite substantial relaxation of rules related to listing process.