Tata Teleservices (Maharashtra) rises 5% intraday on Today as SEBI revoked the curbs it had imposed on
the telecom operator, its directors and promoters, for non-compliance with
minimum public shareholding norms. TTML has now complied with the 25% minimum
public shareholding requirements; hence cap was removed by the SEBI.
According to Sebi regulations, all listed
private sector companies needed to have minimum public shareholding by June 3,
2013.
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