India’s Sebi plans ECM shake-up

The Securities and Exchange Board of India (Sebi) is taking steps to speed up equity raisings in the country, proposing ways to cut not just the time it takes to list but also conduct rights issues and other public offerings. The draft proposals come at a time when the Indian ECM market is set for a busy year, with bankers saying the new measures will make life easier not just for issuers but also investors.