Sebi to announce new delisting guidelines

The Securities & Exchange Board of India (Sebi) today said it would announce new guidelines for delisting in the next couple of months.

Sebi Chairman C B Bhave said at an interactive session here that they were working on delisting guidelines.

The Sebi chief was responding to a query that there were stock exchanges where shares were neither traded nor has a market for buyers thus leaving retail investors in the lurch.

On real estate investments, Bhave said his personal view was that it was more dangerous than equity investments.

Bhave said that unlike equity, making exit from real estate investments was a bit difficult and there was no standardisation of the nature of asset.

"So one should be little cautious to encourage small investors to enter this market," Bhave said.

Bhave also said that Sebi is working on floating a Real Estate Investment Trust.