“We have already started the process of relooking at it (delisting regulations)... The work is going on delisting regulations,” said UK Sinha, SEBI chairman
Having revamped buyback, minimum public shareholding and takeover norms, market regulator Securities and Exchange Board of India (SEBI) is now set to overhaul delisting regulations for companies.
SEBI has already started the process of a relook at the existing delisting norms.
“We have already started the process of relooking at it (delisting regulations)... The work is going on delisting regulations,” said UK Sinha, SEBI chairman.
The capital market regulator has already overhauled norms pertaining to share buyback, minimum public shareholding, preferential allotment and takeovers.
Speaking at a conference in New Delhi on venture capital and private equity, Sinha said the market regulator has also received some suggestions about how the process of reverse book building is allegedly being misused by certain sections.
He also said the government would take a decision on “put and call options” shortly.
“The government procedure is taking a little time but I am quite assured that the government is going to take a call on that very shortly,” he added.
“Put and call options” given to any strategic investor in a company is a routine business globally. Such a provision in shareholder agreements gives the investor an option to either sell the shares (put option), or to buy more shares (call option) on a future date.
To a query on co-ordination between various regulators, the SEBI chief said the issue has been gaining attention worldwide especially since 2008 financial crisis.
“My own impression is that so far as the regulators of financial sector are concerned, now there is a very strong mechanism in place... The FSDC discusses issues related to financial stability and cooperation (among regulators),” he noted.
The Financial Stability and Development Council is a grouping of regulators which was set up by the government.
According to the latest data by the CEA, peak power deficit—shortfall in generation during the time when consumption is maximum—for the month of June stood at 4.5% (5,729 MW) of the total demand
Power scenario in the country improved last month as the demand-supply gap narrowed to 4.5% in June this year from 6.3% in May.
According to the latest data by the Central Electricity Authority (CEA), peak power deficit—shortfall in generation during the time when consumption is maximum—for the month of June stood at 4.5% (5,729 MW) of the total demand.
This figure is better than the previous month’s deficit of 6.3% or 8,597 MW.
The demand for electricity in June stood at 1,28,612 MW, of which 1,22,883 MW was met.
Peak power shortage in the southern region nearly halved to 7% in June from 14.3% in May this year.
In terms of megawatts, deficit was to the tune of 5,339 MW in May and 2,353 MW in June.
In the three-month period (April-June), the southern region registered a peak power deficit of 16.7% or 6,508 MW.
Western region, comprising Chhattisgarh, Gujarat, Madhya Pradesh, Maharashtra, Daman & Diu, Dadra and Nagar Haveli and Goa, posted a deficit of 2.5% or 909 MW in June.
The region witnessed the least peak power deficit of 1.8%, or 693 MW, during the April-June period.
Electricity shortage in the eastern region (Bihar, Jharkhand, West Bengal, Odisha, etc) was 2.3% or 351 MW in June and overall shortage of 3.4% or 532 MW during the first three months starting April, this year.
North India logged a peak power deficit 1,915 MW or 4.6%. The northern region suffered an overall shortage of 4.4% or over 1,882 MW during the April-June period, the data showed.
North-eastern region comprising Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura reported a deficit of 9.6% or 201 MW in June. It witnessed a peak power deficit of 9.6% in three months from April to June, this year.