SEBI open to allowing more routes to meet public shareholding norm
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The Securities & Exchange Board of India (SEBI) is open to allowing new alternative routes to facilitate listed companies meet the minimum public shareholding norm.
This was stated by SEBI Chairman U.K.Sinha at a PHDCCI national conference on minimum public shareholding norms.
He also indicated that the capital market regulator may not be inclined to extend the July 2013 deadline for meeting the 25 per cent minimum public shareholding norm.
Currently, there are four methods through which public shareholding can be increased for meeting the 25 per cent minimum public shareholding norm.
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