India: Firms listed in defunct bourses may be allowed to migrate to BSE, NSE

India: Firms listed in defunct bourses may be allowed to migrate to BSE, NSE

Photo: Reuters

At least 2,000 companies, struggling to stay afloat in the listed space, may finally get a breather. The Securities and Exchange Board of India (Sebi) is about to introduce norms that will allow companies migrating from defunct regional bourses to raise capital through private stake sales and become eligible to list and trade stocks on national exchanges such as the BSE and the National Stock Exchange (NSE).

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