FinMin amends public float rules for IPO-bound cos

New rules from the Finance Ministry will change how companies list on stock exchanges. Minimum public shareholding will now depend on a company’s post-issue capital. Companies will have a set timeframe to meet these new public shareholding targets. These changes…

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Industry seeks concessional imports via SEZs

In a communication to the commerce and industry ministry, SEZ units and developers suggested that 200 products including photovoltaic cells, naphtha, fungicides, non-industrial diamonds, parts of electric power machinery, certain vaccines and aluminium billets be allowed to be imported at…

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