In your interest.
Online Personal Finance Magazine
No beating about the bush.
Media reports suggest that SEBI plans to pull another rabbit out of the hat - an auction-based pricing of initial public offerings (IPOs). This is something that has long been advocated by data aggregators on behalf of companies. The move is being packaged as one that will bring ‘more transparency and efficiency’ to the sale of shares. But, in fact, companies will extract the highest possible...