SEBI relief to promoters; Decision to raise creeping acquisition limit should have come in March, Anil Singhvi says
The Securities and Exchange Board of India’s (SEBI) decision to increase creeping acquisition limit for promoters of listed companies is a good step, Zee Business Managing Editor Anil Singhvi said
He said that the promoters should be allowed to buy as much shares as they want till they reach the ceiling of 75 per cent as increasing the limit by 5 per cent every year is not sound