Investment holding companies rally after Sebi delisting framework

Investment holding companies (IHC) rallied on Friday following the announcement of an alternative framework for their delisting. Shares of Kalyani Investment, Bombay Burmah, and Summit Securities surged between 7 per cent and 11 per cent. The Securities and Exchange Board of India (Sebi) on Thursday announced that with the entire public shareholding being extinguished, the … Read more