Securities and Exchange Board of India (SEBI) has made a striking revelation. The one that nobody can ignore.
In a probe, the market regulator has found that the former head of one of India's largest stock exchanges used to share confidential information with a yogi to seek his advice on crucial decisions.
It is a case of "bizarre misconduct" and "glaring breach" of regulations. This comes ahead of the market's much-awaited public listing.