Sebi chief Ajay Tyagi slams India Inc over poor disclosure standards

Tyagi says the market regulator is examining free float in listed companies

The Securities and Exchange Board of India (Sebi) along with stock exchanges have embarked upon an exercise to determine the actual free float in listed companies. Free or public float is a term used to refer to the shares of a company held by the public at large and which are free from any encumbrance or lock in.

“We are examining what is the minimum public shareholding and is the actual float…Whether 25 per cent minimum public shareholding does actually mean 25 per cent free float,” said Ajay Tyagi, chairman, Sebi. He was speaking at a capital market conference organized