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Companies buyback shares Rs 1,700-crore closed in FY16

Indian firms bought back shares worth over Rs 1,700 crore from public in 2015-16, achieving 97 percent of the target.

48 private companies likely to sell shares worth $1.8-bn by June

As per new norms for listed firms that was implemented in June 2010, all private sector firms have been asked to attain a minimum public holding of 25 percent by June 2013.

SEBI notifies new takeover norms; open offer trigger at 25%

SEBI on Friday notified new takeover rule under which an entity buying 25 percent stake in a listed firm will have to mandatorily make an open offer to buy an additional 26 percent shares from public.