SEBI board to harden stance on promoter's pledged shares | Editorji
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SEBI board to harden stance on promoter's pledged shares

Jun 25, 2019 17:25 IST

Market regulator Sebi plans to tighten its norms for encumbrance disclosure or pledged shares by promoters of listed firms. the decision comes around a growing number of cases where shares are seeing a free fall on the back of post-default distress sale of pledged securities by lenders. The decision will likely be taken at SEBI's board meet on Thursday.

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