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Sebi cracks whip on Gillette India promoters, directors

Taking action against promoters of Gillette India for non-compliance to minimum public holding norms, Sebi on Friday ordered freezing all corporate benefits arising out of their stake in the company.

Sebi board to discuss minimum public holding, IPO safety net today

The board may also approve new measures to help companies meet minimum public holding norms, a senior official said.

Sebi amends rules to allow fresh promoter stake sale routes

Market regulator Sebi Wednesday amended its rules to allow promoters to use rights and bonus issue of shares for dilution of their stake to meet minimum public holding norms, and said it would consider any further relaxation in this matter on case by case basis.