Capital markets regulator Sebi can relax regulatory norms for the central government in relation to strategic disinvestment of public sector undertakings (PSUs), according to a notification.
“??The Board (Sebi) may after due consideration of the interest of the investors and the securities market and for the development of the securities market, relax the strict enforcement of any of the requirements of these regulations if an application is made by the Central Government in relation to its strategic disinvestment in a listed entity,” Sebi said in a notification made public on Tuesday.
To give this effect, the regulator has amended LODR (Listing Obligations and disclosure Requirements) norms.
Earlier in September, the Securities and Exchange Board of India (Sebi) had decided to dispense with a requirement for calculating open offer price with respect to the disinvestment of PSUs.
As per Sebi norms, one of the parameters prescribed to determine the open offer price of a frequently .
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