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May 25, 2015
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Govt urges Sebi to curb PSU stock trade on stake
Concerned over punters beating down the stock price of PSUs ahead of disinvestment, the government wants market regulator Sebi to decide quickly on a proposal to halt trading in shares of such firms on the day of their stake sale as also change the reporting norm. Currently, once a disinvestment proposal is firmed up, the decision has to be intimated to the stock exchange two days before the sale.
Source -
http://www.business-standard.com
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