Web Sify
Follow us on
Sify.com » Topics » ONGC
ONGC News

Bankers seek easier share sale norms
Investment bankers plan to approach the Securities and Exchange Board of India (Sebi), for relaxation of rules relating to the the institutional placement programme (IPP) and offer for sale (OFS) to achieve next year’s public shareholding deadline. Bankers will ask Sebi to relax certain norms like the 100 per cent upfront margin requirement, time gap between two IPPs and some norms on issue pricing