SEBI proposes new disclosure norms for IPOs of loss-making firms

SEBI has proposed to tighten disclosure standards for new-age technology companies that are planning to list their shares but don't fulfil the three-year profitability track. As per its proposal, such companies will have to disclose more details about how they arrived upon their IPO price. This comes as shares of several firms, including Paytm and Zomato, plunged post their listing.