SEBI likely to relax norms to make delisting easier, faster

The Securities and Exchange Board of India (SEBI) reportedly plans to scrap a requirement that 50 per cent of public shareholders would have to participate for a delisting to succeed. At its board meeting scheduled on November 19, SEBI is likely to say that companies would have to acquire 90 per cent of its own equity capital in order to delist successfully. But this would be subject to a condition that 25 per cent of the total number of public shareholders would have to tender their shares.


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