India's market regulator says probing three IPOs for inflating subscriptions

MUMBAI (Reuters) - India's market regulator is investigating three initial public offerings (IPOs) for allegedly inflating the number of subscriptions received, its chairperson said at an event on Friday.

The Securities and Exchange Board of India (SEBI) is working on measures to curtail such malpractices, Madhabi Puri Buch said.

(Reporting by Jayshree P. Upadhyay; Editing by Savio D'Souza)