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Aug 01, 2015
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SEBI eases delisting norms
Making delisting norms easier, SEBI on Friday said promoters either will have to ensure that at least 25 per cent of minority shareholders participate in such a process or can demonstrate that the entire 100 per cent investors have been approached.The move is part of SEBI’s efforts that a good percentage of minority shareholders participate in the delisting process.The Securities and Exchange Board of India said promoters either have to meet the condition that at least 25 per cent minority shareholders tender their shares or need to reach out to 100 per cent of the minority shareholders.
Source -
http://www.thehindubusinessline.com
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