Once again, Zee Business’ news has got a stamp of approval. Listed companies can now heave a sigh of relief as the norms regarding delisting of their subsidiaries are in the process of being eased out by the market regulator – Securities and Exchange Board of India (SEBI).
The listed subsidiaries will likely be exempted from the requirement of delisting at the time of merger. Zee Business will put all the facts related to this before the channel viewers later. This will also include rules regarding the reverse book building, Zee Business Managing Editor Anil SInghvi said.
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The relaxation will be applied to the listed parent companies and their subsidiaries. The detail regarding this will have to be seen going forward, the Managing Editor said.
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The proposal with regards to this has already been approved by the SEBI board. The operational difficulties being faced by the companies is being ironed out.
In the meeting which took place today, the discussion was around the rules regarding the delisting of companies and also on the improvements in the corporate bond markets.