India exempts state-run firms from meeting public shareholding norms for 2 years

All listed Indian companies, including public sector firms, are required to maintain a minimum public shareholding of 25% as per the market regulator's rules.

Reuters

August 01, 2024 / 08:40 IST

India exempts state-run firms 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% 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.

Reuters

first published: Aug 1, 2024 08:40 am

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