Capital markets regulator, SEBI today cleared a slew of reforms, including those to boost the primary markets. During a board meeting of SEBI in New Delhi, the SEBI board made it mandatory for all listed PSUs to have at least 25 per cent public shareholding within 3 years. The move is expected to help the government raise close to 60,000 crore rupees through sale of excess shares in 38 state-run firms.Another proposal approved by the board included easing of the Offer For Sale norms wherein retail investors will be provided 10 per cent reservation, and sellers of shares may also give discounts to them. OFS will be made available for shareholders of the top 200 companies based on market capitalisation. SEBI also finalised elaborate norms for 'research analysts' to ward off any conflict of interest in their activities.As part of its efforts to revive primary markets, SEBI has also relaxed restrictions on sale of bonus shares held by promoters or other investors during an IPO, even if those shares have been held for less than a year.SEBI also announced a new set of norms to govern Employee Stock Options, ESOP, Schemes. And it also approved sharing of Know your Client information with entities regulated by other financial sector watchdogs.