Sebi working on second surveillance system to identify 'bad elements' among listed cos: Varshney

Markets regulator Sebi is working on a second surveillance system to identify "bad elements" among listed companies, with the objective of eventually delisting such entities, its Whole-Time Member Kamlesh Varshney said on Saturday. Speaking at an event organised by CPAI, Varshney said the regulator is also working on identifying small initial public offerings (IPOs) that may not be suitable for the capital market and could result in losses for retail investors. He said the second surveillance sy