Sebi's public shareholding rule to boost disinvestment

Tags: Stock Market
The Securities and Exchange Board of India's minimum public shareholding rule will further boost disinvestments this year, said Sangita Chourre, joint secretary in the department of disinvestment in the finance ministry.

The capital market regulator on June 19 said the government should dilute its stake in listed public-sector companies over the next three years and cap it at 75 percent, a recommendation if taken would lead to at least $10 billion worth of share sales.

EDITORIAL OF THE DAY

  • It’s time to stimulate growth, for spending has taken a dive due to liquidity crunch

    As finance minister Arun Jaitley readies his fourth budget to be presented on February 1, he will face the unenviable task of laying the foundation fo

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Disequilibrium:The recriminations of the Princely Order

The independence and brutal partition of India was done and ...

Anil Dharker

The one in which Sir Ian McKellen dazzles India

It takes something special to pack NCPA’s 1,100-seat Tata Theatre, ...

Kuruvilla Pandikattu

Happiness is when you have control

Are people who trust in technology happier than those who ...