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The Securities and Exchange Board of India has started meeting about 70 listed companies in Mumbai to discuss issues related to compliance of minimum public shareholding of 25 per cent, said sources.
The exercise which began on Monday will continue for two more days.
This would be extended to other cities as well.
The discussion will focus on the modalities of these companies achieving the minimum public shareholding of 25 per cent and whether the route proposed to be used by the company was acceptable to the regulator.
Companies are expected to comply with the norms latest by June 2013 for private sector and August 2013 for PSUs. — Our Bureau
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