Sebi takes note of PE gains in startup IPOs

The huge profits that private equity investors are making from the sale of their shares in a number of recent IPOs (Initial public offerings) from startups has come under the lens of India's capital markets regulator. The Securities and Exchange Board of India (Sebi) has noted that these investors buy shares of startups at low prices and subsequently sell them at eye-popping valuations through IPOs. To enhance transparency in disclosures, Sebi