 "Sebi may propose removal of shareholding cap for setting up new bourses")
Shares of Aavas Financiers, a firm focused on providing housing loans to low- and middle-income groups in semi-urban and rural areas, ended six per cent below IPO price during their stock market debut on Monday. Shares of the company closed at Rs 771 compared to the issue price of Rs 821. The stock dropped as much as 13 per cent to Rs 710 intra-day on the National Stock Exchange (NSE), where Rs 2.7 billion worth of shares were traded.
Market players said the listing day performance wasn't bad considering the meltdown in the market -- and non-banking stocks in particular --
