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Blog Entry# 4710337
Posted: Sep 09 2020 (10:29)
11 Responses
Last Response: Sep 10 2020 (08:57)
11 Responses
Last Response: Sep 10 2020 (08:57)
IR Affairs
sachinature~ 1669 news posts
The government plans to sell about 15-20 per cent stake in IRCTC via offer for sale (OFS) and would like to complete the transaction in minimum...
6 Posts
bade level ho sakta hain. Lekin kaam ke side se bi dekho. Logon mein dar reheta hain, kaam thik se nahin karenge tho nikal denge. Govt mein aisa nahin, sab granted, chalta hain, chutti mardo, aada karo aada rehenedo.
These are all false notions. The main reason for this decision is not lazy/inefficient govt/PSU employees or extra efficient private sector or any such common misgivings but the SEBI's 25% norms.
If its not obeyed by govt, SEBI may penalize the government and cap its listings in the stock market.
The 25 per cent MPS norms were introduced in 2013, whereby no listed company was permitted to have more than 75 per cent promoter stake. The rules were aimed at improving liquidity and better stock price discovery by making higher float available...
more...
If its not obeyed by govt, SEBI may penalize the government and cap its listings in the stock market.
The 25 per cent MPS norms were introduced in 2013, whereby no listed company was permitted to have more than 75 per cent promoter stake. The rules were aimed at improving liquidity and better stock price discovery by making higher float available...
more...