Get ready for a seismic shift in India’s unlisted shares landscape. SEBI, the apex market regulator, has unveiled ambitious plans to bring structure and safety to this under-the-radar market, long dominated by backroom deals.
Unlisted shares, representing stakes in private companies before they go public, have been a wild west of trading. Investors faced inflated prices, scant information, and settlement risks. SEBI’s comprehensive framework changes all that.
At the heart of the overhaul: dedicated online platforms for all unlisted trades, real-time price discovery, and mandatory KYC for participants. Companies must now file quarterly financials and material event updates, mirroring listed peers. This isn’t just regulatory tinkering – it’s a full ecosystem rebuild. ‘SEBI is bridging the gap between listed and unlisted worlds,’ notes economist Dr. Anil Patel. ‘It empowers HNIs and institutions to diversify smarter.’
