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A New India - Chapter 182: Blueprint of SEBI - I
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... s mind was sharp, despite the fatigue setting in from the long days of planning and decision-making.
It was becoming increasingly clear to him that India's stock markets needed a body capable of regulating and protecting the financial infrastructure.
The Bombay Stock Exchange (BSE) had grown exponentially, particularly after the success of the LIC auction that had raised a stunning $5 billion.
Investors, both Indian and foreign, were pouring money into the markets.
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