The ministry of corporate affairs and the capital markets regulator are in favour of allowing certain classes of companies to issue so-called fractional shares, a person aware of the development said.Both believe that fractional shares, which are less than full shares, could increase retail investors’ access to high-value... read full story
"Allowing fractional shares would require an amendment to the Companies Act. Probably the same norms will be set for both unlisted and listed entities, but it would be more useful for listed entities,"