Business Standard

Govt asks Sebi to ease public shareholding norms for IDBI Bank: Report

The Centre has reached out to Sebi seeking a relaxation period of two years in the minimum public shareholding norms for IDBI Bank after its privatisation

IDBI Bank
Premium

BS Web Team New Delhi
The Centre has reached out to the market regulator, Securities and Exchange Board of India (Sebi), seeking a relaxation period of two years in the minimum public shareholding (MPS) norms for IDBI Bank after its privatisation, reported The Economic Times on Wednesday.

Under the current Sebi norms, listed companies need to have a public shareholding of at least 25 per cent within three years of being listed in the stock market. While IDBI Bank is already listed, state-run companies are exempted from the minimum public holding rule.

As the Centre is looking to privatise the bank, after listing it would

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 07 2022 | 1:32 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com