In its Board Meeting of 16 December 2020, SEBI has approved amendments to several regulations. Notably, the Minimum Public Shareholding (MPS) norms for listed companies going through Corporate Insolvency Resolution Process (CIRP) have been recalibrated ; the applicability of Minimum Promoters’ Contribution and subsequent lock in requirements for issuers making a Further Public Offer have been done away with under the ICDR Regulations 2018. Specifically, the following decisions were taken:
To refer to the press release dated 16 December 2020, click here.
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