The Securities and Exchange Board of India (Sebi) board meet on Saturday may just be a big bang event with a whole host of crucial items on the agenda. CNBC-TV18 understands that the market regulator may allow corporate restructuring of companies to facilitate them meeting the 25% public shareholding norm.
It may even ask stock exchanges to closely monitor companies meeting this criterion and incase of noncompliance issue warnings to shareholders of potential penalties.
Sebi may also clarify that loss making companies will be treated at par with profitable ones when it comes to capital raising and that loss making companies, like profitable ones, can achieve the minimum 25% public float via follow on public offer (FPOs), rights issues, offer for sale (OFS) and institutional placement programmes (IPPs).
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