MC Exclusive: More than 100 merchant bankers could lose SEBI licence

Over 100 merchant bankers in India face losing their SEBI licenses due to non-compliance with regulatory guidelines. The Securities and Exchange Board of India (SEBI) has set stringent conditions that merchant bankers must meet to maintain their licenses, including adherence to disclosure norms, maintaining transparency, and ensuring ethical practices in IPO and other capital market activities. Failure to meet these standards has prompted SEBI to review and possibly revoke their licenses. This action is part of SEBI’s broader effort to clean up market practices and ensure the integrity of India's financial markets. If revoked, it could disrupt ongoing market activities and reduce the pool of licensed bankers available for companies looking to raise capital.