Investors are eagerly acquiring shares of investment holding companies (holdcos) in anticipation of a potential relaxation of delisting norms. The Securities and Exchange Board of India (Sebi), in its board meeting scheduled for Saturday, is expected to streamline the delisting framework and introduce a distinct mechanism for the delisting of holdcos.
Shares of Tata Investment Corporation, Kalyani Investment Company, Summit Securities, and Pilani Investment and Industries Corporation have rallied between 15 per cent and 29 per cent in the past five trading sessions.
The shares of holdcos, which maintain stakes in various other group firms, have already been thriving this