The Confederation of Indian Industry has appreciated the efforts taken by SEBI in “strengthening surveillance and ensuring investor protection”, said a press release.

“Exhibiting sensitivity towards the users' need for simplification and meaningful disclosures, the initiatives will generate confidence in the domestic markets and also send the right message to the international investing community,” said Mr Chandrajit Banerjee, Director-General, CII.

Mr Banerjee also welcomed the raising of the initial trigger threshold for the Takeover Code from 15 per cent to 25 per cent and said that it would facilitate higher levels of investment and “bring in the much-needed capital”.

“The decision to marginally increase the minimum offer size from 20 per cent to 26 per cent of the total issued capital would ensure that the M&A activity in the country continues unabated. Some concerns expressed by industry on acquisition financing have also been addressed by keeping the offer size at 26 per cent, as against 100 per cent recommended by the Achuthan Committee,” he added.

The move by the regulator allowing non-banking financial companies, categorised as infrastructure finance companies, to issue long-term bonds to foreign institutional investors would help boost investment, said the release.

SEBI's decision to frame regulations for alternative investments to govern entities promising returns from offbeat avenues, examination of social relevance of innovative financial products, launch of web-based complaints redressal system and simplification of trading account opening procedures would enhance investors' confidence in the markets and also aid investment decision-making, added the release.

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