Market Regulation News

SEBI has launched a pilot DLT tokenisation project for corporate bonds, with broader rollout expected within 6–9 months after review.

States are gradually moving towards InvIT-backed infrastructure monetisation, with Maharashtra emerging as the frontrunner and expected to unveil its policy within the next 4–5 months. SEBI and industry bodies are also in talks with Rajasthan and Uttar Pradesh as investor interest in state-owned infrastructure assets picks up.

SEBI has proposed changes to IPO and re-listed stock pricing rules to improve opening price discovery and reduce distortions caused by existing call auction price band mechanisms.

Arvind Panagariya urged the RBI to allow rupee depreciation instead of aggressively defending the currency. He warned that sustained intervention could drain forex reserves.