SEBI Amends Public Shareholding Norms For Insolvent Companies, Mutual Fund And FPO Regulations

Chastened by the over 6,200% rise in the shares of insolvent Ruchi Soya, India’s market regulator has approved a change in minimum public shareholding norms for companies undergoing insolvency resolution. The SEBI board has approved a minimum threshold of 5% public shareholding for listed companies at the time of their readmission for dealing on a stock exchange pursuant to a resolution plan approved under the Insolvency and Bankruptcy Code. (Photo Credit: BloombergQuint)