Mumbai: The Securities and Exchange Board of India (SEBI) is ready to relax some of the public issue norms to facilitate disinvestment of Government stake in public sector undertakings (PSUs), including the proposed offering for Oil and natural Gas Corporation (ONGC) and Gas Authority of India Limited (GAIL).

"The regulator will do whatever is necessary to facilitate the process of disinvestment," SEBI chairman, G N Bajpai said when asked about the market regulator's response to request from Union Disinvestment Ministry to relax certain norms like announcement of price band.

The regulator would relax norms if necessary, for divestment of the listed PSUs, Bajpai said when specifically asked about the proposed public float for ONGC and GAIL.

SEBI would look at changes (norms), as disinvestment would provide depth to Indian capital markets, he told reporters on the sidelines at a function organised by the Institute of Chartered Accountants of India in Mumbai.