Manner of achieving minimum public shareholding requirements in terms of SCRR, 1957

Manner of achieving minimum public shareholding requirements in terms of SCRR, 1957:

With a view to facilitate listed entities to comply with the minimum public shareholding requirements within the time specified in Securities Contracts (Regulation) Rules, 1957 ("SCRR, 1957"), the following additional methods shall be available:

a. Rights Issues to public shareholders, with promoters/promoter group shareholders forgoing their rights entitlement.

b. Bonus Issues to public shareholders, with promoters/promoter group shareholders forgoing their bonus entitlement.

- SEBI Circular CIR/CFD/DIL/11/2012 dated August 29, 2012

Source:

http://www.sebi.gov.in/cms/sebi_data/attachdocs/1346232649946.pdf