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13 Jan 2012

For the government

"SEBI recently authorised two additional methods of accessing the capital market — Institutional Placement Programme (IPP) and Offer for Sale of Shares through the stock exchanges — offer companies flexible, cost-effective and less time-consuming options for accessing the capital market, specifically to meet the minimum public shareholding norms."

The Hindu : Opinion / Editorial : For the government
"Significant changes in regulation to the capital market should be for the common benefit of the regulated. They should not be framed so as to favour few. This salutary principle has evidently not been kept in mind in this case. Whatever the justification, it is clear that SEBI's new guidelines do not serve the interests of even the disinvestment process."

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