Primary Markets Advisory Committee recommends Re 1 as face value of shares for all listed cos

Primary Markets Advisory Committee recommends Re 1 as face value of shares for all cos
PMAC (Primary Markets Advisory Committee) had a meeting yesterday and they are finalising this recommendation that all the listed companies should have a face value of Re 1 and now this recommendation has gone to the SEBI board, which will take a final view within 2-3 weeks. The basic argument behind this recommendation is that if there is a uniform value for listed companies, it is easy for the investor to understand EPS or P/E and it will be easy for them to understand the market. So, that is the basic argument and with this basic argument they have sent the recommendation.
The timeline says that within 2-3 weeks, SEBI board will take a final view, after that all the companies will have to split their stock, whether the face value is Rs 10 or 50 or 100 or 200 or 500. So, the ultimate result is within six months - that is the timeline that they are expecting - we will have a face value of Re 1 for all the listed companies and it will result in more floating stock for all listed companies and it will be good for all investors.