Sebi exempts government from making public offers in six PSBs
IANS | 20 Mar, 2018
Securities market regulator Sebi has "exempted" the central government
from making open offers for its proposed acquisitions of additional
shares of six public sector banks (PSBs).
According to separate
"exemption" orders passed by Sebi, the central government will not be
required to make open offer to acquire shares in PNB, Syndicate Bank,
Vijaya Bank, Bank of Baroda, Union Bank of India and Canara Bank.
The
central government is expected to infuse additional equity capital in
the six PSBs via acquisition of shares on a preferential basis in these
six PSBs.
