Sebi rejigs primary market advisory panel

Capital market regulator, the Securities and Exchange Board of India (Sebi) has reconstituted its primary market advisory committee (PMAC) which advises it on issues related to regulation and development of initial public offerings (IPOs) and other primary market segments.

The panel would be chaired by T V Mohandas Pai, formerly a senior executive at information technology giant, Infosys, and currently chairman of Manipal Global Education Services, Sebi has said.

The other members of the 18-member panel include BSE interim chief executive officer Ashish Chauhan, Tata Steel Group CFO Koushik Chatterjee, Morgan Stanley India CEO P J Nayak, Crisil Managing Director and CEO Roopa Kudva and Kotak Mahindra Bank chief Uday Kotak.

The panel would also have three representatives from Sebi, Executive Directors S Ravindran and J Ranga-nayakulu, Ministry of Finance Director (Primary Markets) Ramesh Krishna-murthi and Reserve Bank of India Chief General Manager K K Vohra.

Other members include Prime Database chief Prithvi Haldea, SIDBI Chairman Sushil Muhnot, Association of Investment Bankers of India Chairman Sanjay Sharma, Crawford Bayley and Co Partner Sanjay Asher, IIM-Lucknow Faculty Member Manoj Anand and Bhopal Stock Investors’ Association President Arun Kothari.