06 August 2012

Minimum public shareholding of 25%

I attended a seminar day before on the government mandate to listed companies to ensure a minimum public shareholding of 25%  where the Chairman SEBI spoke sternly - the three year deadline ends in June 2013 and few of the 190 odd companies seem to be bothered to be in line for compliance. 

Are companies taking it too easy and could face the wrath of SEBI or has SEBI imposed stringent norms in terms of IFS/OFS routes for divestments which are causing the roadblock to the divestment. 

Your views?

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