Sebi Chairman Tuhin Kanta Pandey stated that capital markets, not the regulator, determine IPO share prices, addressing concerns over high valuations like Lenskart Solutions. He emphasized Sebi’s role in ensuring robust disclosures. Pandey also urged companies to make ESG commitments authentic and measurable, not just for branding, and to institutionalize ethics through board oversight.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets