The Primary Market Advisory Committee (PMAC) has made certain recommendations, including alternatives for reverse book building process to discover the delisting price
The capital markets regulator has said it may allow companies to delist shares at a fixed price, as against the current 'reverse book-building' process.
PTC India and PTC India Financial Services have been given 21 days to reply to the show cause notice that requires them to explain before the Sebi why action should not be taken against them, the report says