Sebi ECM reforms to trigger a slew of stake sales

The Securities and Exchange Board of India (Sebi) has made some much-needed changes to its ECM rulebook, which bankers say will wake up the country’s equity market and keep it busy for the next three years, writes Rashmi Kumar.

  • By Rashmi Kumar
  • 26 Jun 2014
As part of its measures, the regulator is making it mandatory for all state-owned companies, also called public sector undertakings in India, to have a minimum float of 25%. Previously, only private companies were required to have a minimum 25% float, while PSUs could get away by listing ...

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