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CII bats for 2 more yrs to comply with new public float norms
The Confederation of Indian Industry (CII) has sought a two-year extension to comply with the new norms of ensuring minimum public shareholding of 25 per cent in listed companies. The Securities and Exchange Board of India (Sebi) had given listed entities time till June 2013. CII has sought extension of the deadline to June 2015, citing tough market conditions, which have challenged the ability of
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