How four PSUs are paying dividends in record time

Four public sector undertakings are paying an out-of-turn interim dividend to help govt

Four public sector undertakings—Indian Oil Corporation, Bharat Petroleum (BPCL), Hindustan Petroleum (HPCL) and Coal India — are paying an out-of-turn second interim dividend to help the government shore up its revenues. Most of these companies paid interim dividends less than a month ago. To ensure the latest dividend payout take place before the end of the fiscal, the state-owned entities had to obtain market regulator Securities and Exchange Board of India’s (Sebi’s) leeway on certain regulations.

Which are the regulations on which exemption was sought? 

The state-owned entities got exemption from the applicability of regulation 29(2), regulation 42(2) and regulation