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Ajay Tyagi, SEBI, Banking & Finance

SEBI Defines 'Same Line of Business' Under Delisting Norms

The Securities and Exchange Board of India (SEBI) has come up with a standard operating procedure (SoP) for subsidiary companies planning to get delisted through a 'Scheme of Arrangement' wherein the listed parent holding company and the listed subsidiary are in the same line of business.

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