Investor-Friendly New plan to eliminate process of making refunds to applicants in case of non-allotment of shares
MUMBAI, july 30: The Securities and Exchange Board of India (Sebi) has set in motion the process of an alternate payment system for public issues that will not require retail investors to block their money unless they are allotted shares. The move comes two days ahead of a meeting of the high-level committee on capital markets in Mumbai on August 1.
