|
Govt. exempts PSUs from meeting public
shareholding norms for 2 years
India has exempted all state-run firms from meeting
public shareholding norms for two years until August 2026, according to a
document seen by Reuters.
All listed Indian companies, including public sector
firms, are required to maintain a minimum public shareholding of 25 per cent as
per the market regulator's rules.
Market regulator Securities and Exchange Board of
India (SEBI) will have to bring the change into effect, the document showed.
www.business-standard.com,
dt. 01-08-2024
|