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Sebi provides some compliance exemption to LEDO Tea Company for delisting PTI Markets regulator Sebi on Monday granted exemption to LEDO Tea Company Ltd from compliance with certain provisions of delisting norms for voluntary delisting of equity shares. The firm is listed on the BSE. Sebi had received an application from the firm in January 2021 seeking exemption from the applicability of certain provisions of delisting norms. The requirement for receiving consent of the shareholders holding at least 90 per cent of public shareholding of a company, as mandated under the Delisting Regulations, has been relaxed. Sebi noted that the firm has made repeated efforts to reach out to the shareholders and despite having made efforts, it has not been able to contact a majority of the public shareholders.

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