A debt-laden central government and promoters of many listed companies are in for a pleasant surprise in the New Year (2012) from SEBI.
The capital market regulator, SBI is set to come out with new rules that will make it easier for the government to push through divestment in public sector companies as well as promoters planning to offload a slice of their holdings.
SEBI is likely to allow promoters of companies to sell shares by auctioning the securities through stock exchanges, a process that can be quicker and more efficient than a full-fledged public offering of shares.
The proposal will be considered at the market regulator's board meeting on January 3, 2012.
Src: ET
The capital market regulator, SBI is set to come out with new rules that will make it easier for the government to push through divestment in public sector companies as well as promoters planning to offload a slice of their holdings.
SEBI is likely to allow promoters of companies to sell shares by auctioning the securities through stock exchanges, a process that can be quicker and more efficient than a full-fledged public offering of shares.
The proposal will be considered at the market regulator's board meeting on January 3, 2012.
Src: ET
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