MUMBAI: The Securities and Exchange Board of India (Sebi) plans to ease takeover rules to speed up the resolution of insolvency proceedings for stressed companies as local lenders seek to recover about ?9 lakh crore from entities rendered unviable by the mounting debt pile.
The capital markets regulator will likely allow the demerged units of listed companies in insolvency resolution to list on stock exchanges without an initial public offer (IPO), two people with knowledge of the matter told ET. Pricing norms for delisting of companies under insolvency resolution will also be eased.
A company can be demerged from its listed group as part of any resolution plan. If the demerged entity again wants to be listed as a separate company, t…
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