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Sebi opens local office in Vijayawada

Press Trust of India  |  Vijayawada 

Capital markets regulator Sebi on Saturday opened a local office here as part of its objective to enhance its physical proximity to investors and intermediaries.

The new office in will have jurisdiction over the entire state of The regulator already has a local office in neighbouring state Telangana's capital Hyderabad, which was earlier capital of the undivided

Announcing the inauguration of the new office, the (Sebi) said in a statement the functions of office would include facilitating the redressal of investor grievances against listed companies and securities market intermediaries, as also to spread investor education and financial literacy in the state.

Besides its headquarters in Mumbai, Sebi has regional offices at New Delhi, Chennai, and It also has local offices in Bengaluru, Kochi, Guwahati, Bhubaneswar, Patna, Ranchi, Chandigarh, Lucknow, Dehradun, Jaipur, Indore, Raipur, Panaji, and

Sebi has been opening local offices in various parts of the country as part of its efforts to promote a balanced pan-securities market and in order to enhance its physical proximity to the investors and intermediaries.

The new local office, which will be under the administrative control and jurisdiction of in Chennai, was inaugurated by the regulator's Whole Time Member S K Mohanty in presence of its Directors S Ravindran and SVMD Rao.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, November 10 2018. 15:30 IST