IndiaSphere

Market regulator Securities & Exchange Board of India (Sebi) has proposed to increase the shareholding cap for strategic invesors in stock exchange from the present 5% to 15%. This comes on the backdrop of shareholders who have stakes of more than 5% trying to pare down their holdings as per SEBI norms. The new rules are said to  applicable to only five categories of investors – stock exchanges, depositories, clearing corporation, banks and insurance companies.
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