As HNIs, institutions enter grey market to catch ‘em young, unlisted market loses its soul
NEW DELHI: The grey market, or the unofficial market for unlisted shares, used to be a platform that some used to pick up shares of top-notch companies at early stages, while others looked at it to pick up the first cues on IPOs before investing in them.
Since expert hands operate here, the valuations given to the stocks used to be true reflection of the businesses.
That space has ceased to be so, thanks to the influx of a host of HNIs and a few institutional investors, trying to catch companies…
