Why Did SEBI Allow Loss-Making Startups Like Ola Electric, Zomato, Swiggy, and Paytm to Go Public?
SEBI’s rules quietly explain why so many loss-making startups still manage to list on Indian stock exchanges. Financial analyst Jayant Mundhra recently broke down how a special route under Regulation 6(2) allows high-growth, cash-burning tech companies to go public, while also creating conditions that can badly hurt late retail investors when the hype fades. Why…