SEBI Chairman Tuhin Kanta Pandey Clarifies Regulator’s Role in IPO Valuations, Says Market Forces Determine Share Prices
In a decisive statement that reaffirms the principles of free-market dynamics, Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey has clarified that the regulator will not intervene in setting valuations for Initial Public Offerings (IPOs). Speaking at a recent industry summit in Mumbai, Pandey emphasized that capital markets—not regulatory bodies—are responsible for…