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5% public float a must post CIRP: Sebi

The move is aimed at curbing volatility and manipulation in the share prices of these companies. The regulator said these companies would be given 12 months to achieve a public shareholding of 10% from the date their shares are admitted for re-trading on the exchanges and 36 months to reach 25%.

from The Financial Express https://ift.tt/3nDXMG0
https://ift.tt/eA8V8J FE Bureau

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