Sebi does its bit for disinvestment

The June 2013 deadline isn’t really approaching but Sebi’s decided to make it easier for promoters, who hold more than a 75% stake in their companies, to shed enough of it so as to be able to comply with the listing guidelines under the Securities Contracts Regulation (Rules), 1957. The objective seems to be to facilitate bigger floats as soon as possible; in the process, companies or promoters can pick up some money.

Read Full Story>>