SEBI had vide its circular dated 2nd September 2010 stipulated that in order for a company's shares to be traded in the normal segment, it should achieve at least 50% non-promoter shareholding in dematerialised mode and also maintained the same on continuous basis. If companies do not fulfill this criteria their shares will be traded on a trade for trade segment.
Now SEBI has issued another circular dated 17th June 2011 stipulating requirement of at least 100% promoter shareholding in demat mode by 30th September 2011. Where companies do not fulfill this condition, their shares would be traded in the trade to trade segment and not in the normal segment.
The above moves by SEBI has been done with a view of increasing transparency in the market besides better price discovery.
SEBI circular is available on the website here
Now SEBI has issued another circular dated 17th June 2011 stipulating requirement of at least 100% promoter shareholding in demat mode by 30th September 2011. Where companies do not fulfill this condition, their shares would be traded in the trade to trade segment and not in the normal segment.
The above moves by SEBI has been done with a view of increasing transparency in the market besides better price discovery.
SEBI circular is available on the website here
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