Amendment to Clause 49 of the Equity Listing Agreement

Press Release
Securities and Exchange Board of India
Oct 23, 2008
PR No.: 234/2008

PRESS RELEASE


PR No.234/2008

Amendment to Clause 49 of the Equity Listing Agreement

SEBI is in receipt of views and representations from various listed companies as to the applicability of amendment to Clause 49 made on April 08, 2008, where the promoter of a listed company is a listed or unlisted entity. In this regard, SEBI has today issued a clarification vide Circular dated October 23, 2008.

 

The full text of the Circular is available on the SEBI website: www.sebi.gov.in

 

Mumbai

October 23, 2008