Saturday, September 15, 2012

SEBI ISSUES CIRCULAR ON MANNER OF ACHIEVING MINIMUM PUBLIC SHAREHOLDING REQUIREMENTS IN TERMS OF SCRR, 1957

The Securities and Exchange Board of India (SEBI) has issued a circular on manner of
achieving minimum public shareholding requirements. According to the circular, the
following additional methods shall be available:-


  • Rights Issues to public shareholders, with promoters/promoter group shareholders forgoing their rights entitlement.
  • Bonus Issues to public shareholders, with promoters/promoter group shareholders forgoing their bonus entitlement.

Listed entities desirous of achieving the minimum public shareholding requirement through other
means may approach the Securities and Exchange Board of India (SEBI) with appropriate details.

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