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Cabinet allows ITI Limited to transfer shares to SNIF to meet SEBI’s minimum public shareholding requirement

Cabinet allows ITI Limited to transfer shares to SNIF to meet SEBI’s minimum public shareholding requirement

Jul 13, 2016, at 10:03 pm

New Delhi, July 13 (IBNS) The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday approved the following proposal of Department of Telecommunication regarding transfer of shares by M/s ITI Limited to Special National Investment Fund (SNIF) to meet Securities and Exchange Board of India's minimum public shareholding requirement.