Underwriters involved with the Twitter IPO aimed to price the social network's stock at USD 27, barring any last-minute hitches.
Capital market regulator Securities and Exchange Board of India (Sebi) norms required all state-run companies to have at least 10 percent public shareholding by August 8.
The companies will now have to complete their buyback offers within six months, from 12 months currently. Those not able to meet the target will be barred from launching another offer for a period of one year.
SEBI issued an order late on Tuesday stating 105 firms have not complied with minimum 25 percent shareholding norms and it will take action against these firms and their promoters and or directors.
SEBI will penalise listed companies that have failed to meet minimum public float norm. Around 122 listed companies from private sector have failed to meet the norm.
SP Tulsian of sptulsian.com joins CNBC-TV18 to take his multi-bagger picks for the day from the stock universe. Check out what he has to say about Selan Exploration and Solar Industries.
Public float guidelines for life insurance companies will only be ready by February, according to the Insurance Regulatory and Development Authority Chairman, Mr J Hari Narayan.