At the early part of this week, SEBI came out with some new recommendations mostly to get the minimum shareholding norms into place.
The SEBI approved two additional methods of offloading stakes by promoters in the stock exchange platform. One was via institutional placement programme (IPP) and the second one was follow-on public offer on the stock exchange. Brijesh Mehra of RBS says, the impression one gets is that SEBI is creating other alternate routes for promoters to get down to the 75% threshold level.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
