MUMBAI, Jan. 15 -- The Securities and Exchange Board of India (Sebi) is weighing whether-and to what extent-it can step into India's unlisted share market, a segment that currently sits largely outside the market regulator's formal jurisdiction.

"This is under discussion with the Ministry of Corporate Affairs. We have to see whether we do have regulatory powers to get into an area which is an unlisted area and how far that unlisted area goes," said Sebi chief Tuhin Kanta Pandey on the sidelines of the Association of Investment Bankers of India (AIBI) annual convention 2025-26 on Thursday.

The unlisted market comprises equity shares of companies that are not listed on any stock exchange and therefore do not trade publicly. Investors typi...