The Securities and Exchange Board of India (Sebi) on Thursday eased the delisting framework to allow promoters a fair shot at taking their companies private. It also revised the eligibility criteria for inclusion and removal of stocks from the futures & options segment to ensure liquid stocks were traded in the segment.
Tightening rules for finfluencers and those doling out stock advice, Sebi barred regulated entities and people from having any association with anyone providing direct or indirect recommendations or claiming guaranteed returns. However, Sebi allowed regulated entities to associate with finfluencers dealing in investor education and not providing any advice.
For voluntary delisting, in addition to the reverse book building (RBB) process, Sebi introduced a fixed price process where the promoter could offer to buy back all shares from the public at at least 15 per cent premium to its "fair price".
This story is from the June 28, 2024 edition of Business Standard.
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This story is from the June 28, 2024 edition of Business Standard.
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