Tag: Capital Markets

SEBI Framework for Issuance of Depository Receipts

Updates | October 15, 2019 | Practice Area: Capital Markets

On October 10, 2019, the Securities and Exchange Board of India (“SEBI”) issued a circular setting out an amended framework for the issuance of Depository Receipts (“DRs”) by Indian companies (the “DR Circular”).

Minimum Public Shareholding Norms in India – Is it Time for Change?

Insights | September 11, 2019 | Practice Area: Capital Markets

On July 5, 2019, the Indian finance minister, in her debut budget speech, announced a few big-bang proposals. One such proposal was for capital market regulator Securities and Exchange Board of India (“SEBI”), to consider increasing minimum public shareholding requirement in listed companies from the current threshold of 25% to 35%.