Zee Media Bureau
New Delhi: The Securities and Exchange Board of India (SEBI) board on Thursday approved proposal for hiking public holding in all PSUs to 25 percent within three years.
Sebi has eased Offer for Sale norms. Retail investors will get 10 percent reservation while non-promoters are allowed to sell stake.
Sebi board has also approved new regulations for research analysts and said that ESOP regulations will be revamped.
Talking to reporters after the meeting Sebi Chairman UK Sinha said "Research analysts will have to register with and they will now be regulated & make disclosures".
"Sebi will allow KYC information sharing with other regulators," he added.
With PTI Inputs
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