VIEW: SEBI needs to find a balance between protecting retail investors' rights and capital formation

VIEW: In a surprising move, SEBI reversed its earlier directive to the Association of Investment Bankers of India (AIBI) and restored special rights for PE investors on June 24, 2024. Initially, SEBI required these rights to lapse at the draft red herring prospectus stage, but pushback from investors led to a rollback.
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