Market regulator SEBI relaxes norms for government for public sector companies' disinvestment
The board of Sebi approved amending the takeover regulations in the context of strategic disinvestment of PSUs and consideration payable under open offer.
The Securities and Exchange Board of India (Sebi) had decided to dispense with a requirement for calculating open offer price with respect to the disinvestment of PSUs. (Representative image from Reuters)