Tuesday 3 January 2012
SEBI consider new norms to make PSU divestment easier
The market regulator will be considering quite a few measures that could have hard hitting impact on capital markets.
In this meet, SEBI may consider allowing promoters to auction their shares on the exchange, where they will specify a floor price and allow investors to bid at any price higher than that. Also expected are norms on divestment by PSUs. Quite a few PSUs like ONGC have been looking to raise funds for some time now.
Another interesting matter could be the creation of a regulator for collective investment schemes (CIS). Several collective investment schemes have been in the news recently for being merely ponzi schemes. The finance ministry has also been considering creating a regulator under which all CIS will have to get registered. Currently CIS come under SEBI.
In this meet, SEBI may consider allowing promoters to auction their shares on the exchange, where they will specify a floor price and allow investors to bid at any price higher than that. Also expected are norms on divestment by PSUs. Quite a few PSUs like ONGC have been looking to raise funds for some time now.
Another interesting matter could be the creation of a regulator for collective investment schemes (CIS). Several collective investment schemes have been in the news recently for being merely ponzi schemes. The finance ministry has also been considering creating a regulator under which all CIS will have to get registered. Currently CIS come under SEBI.
