New delisting guidelines soon

Kolkata, PTI:

Chairman C B Bhave said they were working on de-listing guidelines.

He was responding to a query that there were stock exchanges where shares were neither traded nor has a market for buyers thus leaving retail investors in the lurch.
Stating that Sebi was working on floating a Real Estate Investment Trust, Bhave said real estate investments, in his personal view, was more dangerous than equity investments.

Unlike equity, making exit from real estate investments was difficult and there was no standardisation of the nature of asset. “So one should be little cautious to encourage small investors to enter this market,” Bhave said.

He said punishment should be quick for the perpetrators of fraud at Satyam.
He also said the issue had been tackled well by the Indian agencies.