Sebi rethinks minimum public shareholding norms for companies under insolvency
Mumbai: Learning its lesson from Ruchi Soya Industries’ extreme share price movement after the company went through insolvency proceedings, the Securities and Exchange Board of India (Sebi) proposed to rejig the minimum public shareholding norms for firms under insolvency. In a consultation paper floated on Wednesday, the markets regulator proposed three options for companies which … Read more