SEBI examining free float and minimum public shareholding in companies – Here is what Chairman Ajay Tyagi said
“What we are examining is separately that what is minimum public shareholding and what is the actual float, that we are examining separately with exchanges, all of this as a concept level ,25% MPS whether does it mean 25% free float or not that we are examining” SEBI Chairman was speaking at the a18th Capital Market Conference of FICCI
SEBI Chief also raised the issue of lack of seriousness on disclosures by many companies. Source: Reuters