Friday, 20 June 2014

Sebi move to revive retail participation; most PSUs can become multibaggers .

In a move to bring retail investors back into the market, market regulator Sebi on Thursday approved proposal for hiking public holding in all PSUs to 25 per cent within three years. 

The move is expected to help the government raise over Rs 60,000 crore through sale of excess shares in 38 state-run firms, say experts. 

The Securities and Exchange Board of India (SEBI) also said the minimum dilution to the public in an IPO shall be 25 per cent or Rs 400 crore, whichever is lowe .. 


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