News From Press Sebi seeks to distance itself from PIL on tobacco companies

Sebi seeks to distance itself from PIL on tobacco companies

Source: Mint Jun 24, 2017

Markets regulator the Securities and Exchange Board of India (Sebi) has sought to distance itself from a public interest litigation (PIL) that seeks the divestment of stake held by state-owned institutions in ITC Ltd and other tobacco companies.

At present Sebi is one of the respondents in the PIL along with insurance companies, the insurance regulator and the government of India.

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