Sefcash to be de-listed in cost cutting measure
Friday, August 13, 2010
The move is calculated to cut the listing costs of the two companies.
Sefcash, which is Sefalana's only listed subsidiary, is currently 79.35 percent owned by Sefalana, while the remainder of the shares are free float as required by BSE.
While the minister is of the view that the proposal would have significant positive economic impact, the entertainment industry players believe otherwise. The issue has over the weeks become a hot potato. But what is of essence right now is that the country needs liberal ideas to move in the right direction While opening up the economy may sound quite interesting to the ear, rolling out extended trading hours through pilot programmes without...