Yuguda said that the commission was working hard to look at the various issues and ensure that the issue of delisting by companies is brought under check.
The SEC boss added that some strategic listings had happened in the market in recent times, and the commission was encouraging the diversification of the equity market by listing companies within the power generation, telecommunications and foods sectors. He said, “We have had some strategic listings like the IPO of MTN, BUA Foods etc and asset class creation or new products like derivatives have further helped diversify the listings from the huge leaning on the financial sector several years back.
“The problem with this market is when the big players do not list. So we started getting interest from the big players like MTN. And they decided to come in a very imaginative way. They decided to do the offer electronically so that people having telephones could subscribe without having to go through an intermediary.”All rights reserved.
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