The government is planning to buy back shares of loss-making public sector companies and delist them, a move that may come as a relief to several retail investors who have been stuck with such investments.
At least half a dozen PSUs including HMT and State Trading CorporationNSE 1.68 % (STC) are likely to be delisted as they have been unable to comply with minimum public shareholding (MPS) norms, said a top government official. Market regulator Securities and Exchange Board of India has ..
We don’t want to seek any further extension from Sebi. In most of the companies, we are comfortable since there is strong investor appetite,” said the official cited above. “However, we want to wind up the loss-making entities from public markets since it is difficult to find investors for divestment.” The Department of Investment and Public Asset Management (Dipam) will prepare the roadmap to delist these companies Several investors especially in the retail category have been stuck with loss-ma ..
As per the Sebi rules, 25 per cent of the equity of a listed company should be held by non-promoter public investors. These rules were introduced by Sebi 2010 for private companies.
However, in 2014, the markets regulator amended the law to extend the minimum public shareholding norms to state-owned entities. Initially, the government was given time until August 2017 to bring down its stake in the listed PSUs below 75 per cent. But with the government unable to meet the deadline, Sebi h ..
According to official data, there are 89 PSUs listed on the stock exchanges. Of these 37 companies had not complied with the public shareholding norms as on December 31, 2018.
BROADER MANDATE
The government is also planning to entrust additional responsibilities on Dipam apart from overseeing the central government’s divestment process. According to the official cited above, the department will be actively involved in asset management of all the PSUs and would also ..
At least half a dozen PSUs including HMT and State Trading CorporationNSE 1.68 % (STC) are likely to be delisted as they have been unable to comply with minimum public shareholding (MPS) norms, said a top government official. Market regulator Securities and Exchange Board of India has ..
We don’t want to seek any further extension from Sebi. In most of the companies, we are comfortable since there is strong investor appetite,” said the official cited above. “However, we want to wind up the loss-making entities from public markets since it is difficult to find investors for divestment.” The Department of Investment and Public Asset Management (Dipam) will prepare the roadmap to delist these companies Several investors especially in the retail category have been stuck with loss-ma ..
As per the Sebi rules, 25 per cent of the equity of a listed company should be held by non-promoter public investors. These rules were introduced by Sebi 2010 for private companies.
However, in 2014, the markets regulator amended the law to extend the minimum public shareholding norms to state-owned entities. Initially, the government was given time until August 2017 to bring down its stake in the listed PSUs below 75 per cent. But with the government unable to meet the deadline, Sebi h ..
According to official data, there are 89 PSUs listed on the stock exchanges. Of these 37 companies had not complied with the public shareholding norms as on December 31, 2018.
BROADER MANDATE
The government is also planning to entrust additional responsibilities on Dipam apart from overseeing the central government’s divestment process. According to the official cited above, the department will be actively involved in asset management of all the PSUs and would also ..
1 Comments
It is really helpful for investors. Great work. Here we also offer some interesting topics related to share market. I hope you get a better better information.
ReplyDeleteBuy Thyrocare Technologies
Barbeque Nation IPO
ICICI Securities
Tata Power Shares rose 13%