Sebi’s proposed merchant banking regulations: Will it make the big bigger?

The capital markets have transformed substantially over the last three decades. Therefore, it’s crucial to re-evaluate the existing regulatory framework to align with the current market realities. SEBI’s consultation paper on the proposed MB Regulations, released on August 28, 2024, is a positive step in this direction, offering several insightful suggestions. However, a few of the proposed changes warrant further deliberation.