Sebi to revise delisting norms

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SummaryCapital markets regulator Sebi may soon revise its delisting regulations to make it easier for publicly listed companies

Capital markets regulator Sebi may soon revise its delisting regulations to make it easier for publicly listed companies looking to go private while safeguarding the interest of minority shareholders.

The current regulations were put in place in 2009 and facilitates removal of the securities of a listed company from a stock exchange with promoters buying out shares held by minority shareholders. The changes in Sebi’s delisting norms are being considered to harmonise them with other regulations, including the new Companies Act, 2013.

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