The move is aimed at providing better alignment of cash and derivatives segment, mitigation of price risk in certain cases and netting efficiencies for market participants, the Securities and Exchange Board of India (Sebi) said in a circular.
Ashok Kumar Purwaha, chairman, Engineers India, says that the government is planning to disinvest around 10 percent stake in the company via follow-on public offer (FPO) route. The FPO is likely to hit the market by the second quarter of 2013-14.
With German sports wear company Adidas scaling down the operations of its scam-hit Reebok brand in India, the pitch is right for other players to score a goal.