Sebi revokes restrictions on Chettinad Cement

The Securities and Exchange Board of India on Tuesday said it had revoked the restraining orders it had passed on June 4 against Chettinad Cement and its promoters and directors for non-compliance of the 25 per cent public float requirement. The promoter holding in Chettinad Cement was more than 75 per cent on June 3, the last day for meeting the minimum public shareholding requirement, as the company was in the process of delisting its shares from stock exchanges.