Adani Enterprises on Monday informed stock exchanges that it will sell 13 per cent of Adani Wilmar to achieve minimum public shareholding requirements and Wilmar International has agreed to acquire 31 per cent held by Adani Enterprises in Adani Wilmar.
The Securities and Exchange Board of India (SEBI) has granted an additional three years of time to the Life Insurance Corporation of India (LIC) to achieve 10 per cent public shareholding, the insurance company informed stock exchanges on Wednesday.
Five out of 12 Public Sector Banks (PSBs) are still not complying with the minimum public shareholding (MPS) norm (25 per cent), a senior government official said on Thursday.
The central government has granted a one-time exemption to Life Insurance Corporation of India (LIC) to achieve 25 per cent Minimum Public Shareholding (MPS) within 10 years since its listing on the exchanges.
Earlier the stock exchanges had put a freeze on the shares owned by the promoters for not meeting the minimum public shareholding (MPS) requirements as specified in the Securities Contracts (Regulation) Rules, 1957, of Securities and Exchange Board of India (SEBI).
Mumbai (Maharashtra) [India], July 8 (ANI): Bearish trends ruled equity market on Monday with Sensex plunging nearly 800 points amid heavy selling pressure after the Union Budget for 2019-20 announced measures to tax share buybacks and increase minimum public shareholding in listed compan