Boom in Unlisted Share Trading Creates Riches and Risks in India
- Trading volume has risen multifold over the past year
- Concerns are growing about scams targeting retail investors
Over the next few months, 30 initial public offerings worth nearly $4 billion are lined up in India.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
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As India’s stock exchanges expand, minting dozens of billionaires over the past few years, a sprawling and largely unregulated gray market for unlisted shares has emerged.