This refers to ‘Anchor investors in; MF entry load out’ (June 19). It’s heartening to see this news item after a period of inactivity on Sebi’s part. Being a regulatory body, Sebi is expected to come up with appropriate control measures and put various checks and balances in place. It has to be pro-active instead of just engaging in the kind of post-mortem it performed in the case of Satyam. The fact that Sebi is now bringing in the concept of anchor investors in every IPO with a certain minimum investment as well as margin money, and also a lock-in period stipulation, speaks well of the active role Sebi is beginning to play.
Ashok Jayaram, Bangalore
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