All stocks should have face value Re 1: SEBI panel
The face value of shares of all listed companies may soon be Re 1 if a proposal by the Priamary Markets Advisory Committee, or PMAC, is accepted by the Sebi board. The move aims to ensure uniform face values, so that investors can make informed stock comparisons. the move could also result in greater public float of listed companies.
It could well be the first major policy decision that CB Bhave the new Sebi Chairman has to make, something that could change the way the Indian capital markets operate.
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