Sebi Approves Easier Delisting Norms for PSUs with 90% Government Holding

Sebi approves easier delisting norms for PSUs with 90% government holding

Last month, Sebi had released a discussion paper on the matter and sought comments and feedback by May 26.

Sebi eases delisting norms for PSUs with over 90% government holding

Sebi has introduced new measures to simplify voluntary delisting for specific PSUs, excluding banks, NBFCs, and insurance firms, where the government or other PSUs hold at least 90% of shares. The amended regulations allow delisting through a fixed price mechanism, eliminating the need for a two-thirds majority approval from public shareholders.

Sebi to facilitate voluntary PSU delisting, eases rules for FPIs investing in govt bonds

Mumbai, Jun 18 (PTI) Markets regulator Sebi's board on Wednesday cleared a host of proposals, including the introduction of a separate voluntary delisting framework for public sector undertakings (PSUs), where the government holds over 90 per cent stake.Additionally, the board decided to ease compliance rules for foreign portfolio investors (FPIs), who invest only in Indian government bonds (IGBs).Among others, the Sebi board cleared a proposal …

SEBI Allows Delisting Relaxations For PSUs Through Fixed Price Process

The Securities and Exchange Board of India on Wednesday eased delisting norms for public sector undertakings with low public float.The board approved amendment to SEBI (Delisting of Equity Shares) Regulations, 2021 for introduction of a special measure for PSUs other than banks, non-banking financial companies and insurance companies to undertake voluntary delisting through fixed price delisting process when the shareholding of Government of Ind…