Sebi to allow short-selling by institutions

Sebi chairman M Damodaran said in Mumbai this evening that the board, which met today, has approved a proposal to allow short-selling by institutions.

The board also approved a proposal for mandatory grading of IPOs, which will be reviewed periodically.

On real estate IPOs, Damodaran said land bank details should be accompanied by ownership status, and valuations should be based on current prices.

On delisting via the book-building process, Damodaran said a final decision on the issue would be taken at the next board meeting scheduled in May.