*PSUs Get an Easy Escape* ✅💰👀 SEBI has approved significant relaxations to its delisting norms for PSUs where the government's shareholding equals or exceeds 90%. This is mainly aimed at pushing the government's disinvestment drive and simplifying the exit process for legacy public sector firms. ✅💰 _*The offer price for delisting must be at least 15% above the floor price*_. The floor price will be determined by registered valuers, rather than relying solely on market-based pricing. 👀 And one of the most challenging hurdles, the _*requirement of approval from 2/3rd of public shareholders, has been waived for these PSUs*_. 😳 SEBI has clarified that these reforms are targeted and specific, impacting only a limited number of PSUs at around 5. Note that banks, NBFCs and insurance cos are not included in this. 🏦❌