{
  "id": 2797242,
  "title": "SEBI reviewing framework on utilisation of issue proceeds",
  "url": "https://urgent.news/2026/08/23/sebi-reviewing-framework-on-utilisation-of-issue-proceeds",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-23T13:18:22.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/sebi-reviewing-framework-on-utilisation-of-issue-proceeds/article71380847.ece"
  },
  "original_language": "en",
  "account": "The Securities and Exchange Board of India (SEBI) is currently evaluating the framework governing the utilization of funds raised through initial public offerings (IPOs). Chairman Tuhin Kanta Pandey announced this during the Institute of Directors' Annual Directors' Conclave 2026 in New Delhi. Pandey emphasized that true transparency does not merely involve the volume of information disclosed, but rather its quality, timeliness, and usefulness. The regulator aims to ensure that transactions involving potential conflicts of interest are thoroughly scrutinized under the framework overseeing related-party transactions. They plan to clarify this framework further to ensure that the requirements are clear and practical for issuers, while maintaining essential protections for investors. Additionally, SEBI is exploring methods to minimize unnecessary compliance burdens. For instance, if a listed entity operates on multiple exchanges, SEBI proposes a framework to prevent multiple fines for the same issue. Pandey stressed that effective governance necessitates that regulations be proportionate and avoid creating superfluous duplication, with the goal of enhancing regulatory efficiency without compromising its core purpose.",
  "summary": "Regulator proposes to further clarify the framework on related-party transactions to make it clear and workable",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Hindu BusinessLine",
        "title": "SEBI reviewing framework for disclosure of issue proceeds utilisation: Chairman",
        "url": "https://urgent.news/2026/08/22/sebi-reviewing-framework-for-disclosure-of-issue-proceeds-utilisation",
        "published": "2026-08-22T10:32:58.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}