Sebi lowers broker fee by 25%; releases norms on mergers
The regulator said, "SEBI has been following the practice of calibrating the fees either upwards or downwards as per SEBI’s requirements from time to time so as to keep a balance between the financial resources required to ensure regulatory efficiency while maintaining reasonableness to avoid any undue burden on any particular class of intermediaries."
Sebi announced various measures where it reduced the fees payable by brokers upto 25% and also streamlined new framework in regards to mergers and demergers. Photo: Reuters