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Fixed-price exit for PSUs may hurt minority investors, say experts

SEBI’s proposed fixed‐price delisting route for low-float PSUs may help lower the government’s outlay for such an exercise — but experts warn it could erode minority shareholder safeguards.

The new framework suggests a special route at a fixed exit price instead of the current reverse book-building (RBB) process, and also waives off the requirement of securing two-thirds approval from public shareholders.

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