Not just the investors but the markets at large appreciate SEBI as it came up with a few most rational reg moves on the disclosures and time-lines front....
Listed Companies now need to disclose Quarterly results within 45 days of end of a quarter as against anything upto 60 days or even for- ever that a lot of Companies took to come up with Quarterly numbers.
Further, 45 days for as at Half year end B/S and bi-annual Cash flows to be out for the benefit of investors' judgements alongwith annual audited financials to be out within 60 days of yr end.
The regime only gets better with IPOs to be listed with in 12 days as against the earlier 22 from the date of close of the offer to mitigate market fluctuations risks for bidders.
So also for MFs, NFO duration reduced to half and only for 15 days for Schemes to re-open for on- going transactions.
Issures [Cos and Fund Houses] have to provide ASBA facility compulsorily to QIBs as well.
While the new improved time-lines for disclosures would keep investors best informed to take better risks adjusted calls, the offerings related eager moves suit the liquidity of investors better.
SEBI off-late seems to gotten v. savvy [ read ever more sensitive] towards investors' interests.... for good, so far.
About Me
- New Me is Zen
- Why did God make women so susceptible to shoes? And men so matter of fact-ly? How did the wall street get all un-occupied? oh by the way, Epic Rap Battles of History is the best cure for a 'writer's block'. ....Why would the page be called Random Thots!