SEBI cuts minimum market cap for follow-on offerings
Published on Mon, Nov 09, 2009 at 18:35 | Source : Reuters
Updated at Tue, Nov 10, 2009 at 10:19
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SEBI cuts minimum market cap for follow-on offerings
India's capital markets regulator said on Monday the minimum market capitalisation required by listed firms seeking to sell shares in follow-on offerings has been halved to 50 billion rupees (USD 1.1 billion).
India's capital markets regulator said on Monday the minimum market capitalisation required by listed firms seeking to sell shares in follow-on offerings has been halved to Rs 50 billion (USD 1.1 billion).
"This applies to all listed companies," Securities and Exchange Board of India (SEBI) Chairman CB Bhave said.
