Economy News Notes

SEBI guidelines set stage for disinvestment

• The Securities and Exchange Board of India (SEBI) on Thursday permitted promoters of top 100 companies to quickly dilute their shares through a separate window on the BSE and the National Stock Exchange, which had to be completed within a day.
• The norms, which follow the decision taken by the SEBI board earlier this month, will help the companies in complying with the minimum public shareholding stipulation.
• The decision will also help the government expeditiously offload its stake in public sector companies and raise funds for achieving the disinvestment target of Rs.40,000 crore for the current fiscal.
• All listed companies are required to have at least 25 per cent public holding while in case of state-owned company the limit is 10 per cent.