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Sebi to introduce special measures to facilitate voluntary delisting of certain PSUs
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Markets regulator Sebi on Wednesday decided to introduce special measures to facilitate voluntary delisting of public sector undertakings, where the government owns 90% or more of shares.
Among the measures include relaxations from requirement of two-third threshold for approving delisting by public shareholders and in the mode of computation of floor price.
Under current rules, delisting is successful if promoter shareholding reaches 90%. Moreover, the floor price for delisting is calculated using several pricing metrics such as 60-day average price…
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