Dse Seeks 20% Net On Premium Offerings

The four-member delegation submitted a memorandum to the finance minister calling for a Rs 25-lakh limit on short selling, removal of double taxation on dividend, revival of the badla system and introduction of buy back of shares.

Citing the example of the IDBI issue, the exchange submitted that public sector undertakings and financial institutions which had issued shares at a premium to the public for the first time, are being quoted at heavy discounts on their issue price.