Sebi’s PSU delisting proposal sparks calls for parity with private companies
[ad_1] The proposal would essentially allow the PSU to delist itself, either to go private, merge with another company, or because the costs of being publicly listed outweigh the benefits. Sebi said the move would benefit PSUs with very low public shareholding and/or weak financials, as noted in the 6 May consultation paper. It reasoned…