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Govt, Sebi in favour of issue of fractional shares
Hindustan Times
|September 27, 2023
Move may lift retail participation, diversify company ownership
The ministry of corporate affairs and the capital markets regulator are in favour of allowing certain classes of companies to issue so-called fractional shares, a person aware of the development said.
Both believe that fractional shares, which are less than full shares, could increase retail investors' access to high-value shares, boost liquidity and help companies further diversify ownership, the person cited above said on condition of anonymity.
The ministry and the Securities and Exchange Board of India (Sebi) have already had a discussion in this respect, and the regulator will give its views in a detailed presentation, the person added.
This story is from the September 27, 2023 edition of Hindustan Times.
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