Tuesday, July 16, 2013

SEBI allows PSUs to sell shares to employees at discount after OFS

The Securities & Exchange Board of India (SEBI) has said that employees of public sector undertakings (PSUs) will now get an option to subscribe up to 5% of the issue size at a discount after the completion of disinvestment in the concerned state-owned company. PSU will be selling shares to interested employees at a 5% discount over the last cut-off price in that OFS.

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