Sebi chief defends Closing Auction System, says 'takes time to understand'
· rediff.com
Sebi Chairman Tuhin Kanta Pandey has defended the newly rolled out Closing Auction System (CAS), stating that it is a transparent mechanism and that the industry needs time to understand the change. He acknowledged initial turbulence and concerns from fund houses but noted an increase in mutual fund participation.
Sebi Chairman Tuhin Kanta Pandey has publicly defended the new Closing Auction System amidst market turbulence, asserting its transparency and acknowledging tha...