Sebi revokes ban on 5 cos after promoters' stake dilution

Companies had failed to meet 25% public shareholding norm

The Securities and Exchange Board of India has revoked the ban against five companies and their promoters, following compliance with the 25 per cent minimum public shareholding norm.

In four separate orders, dated September 4, the market regulator said the interim orders passed against Marathon NextGen Realty, Sundaram-Clayton, Tata Teleservices (Maharashtra), Sah Petroleums and BGR Energy Systems on June 4 have been revoked.

These five were among the 105 companies against which the market regulator had passed an order for non-compliance of the public float requirement.