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    HomeNewsBusinessMarketsListed for years, still these PSUs have not complied with public shareholding norm: Here's why

    Listed for years, still these PSUs have not complied with public shareholding norm: Here's why

    Some of the PSUs like Madras Fertilizers, New India Assurance, Mangalore Refinery, MMTC, ITI, HMT, UCO Bank, Central Bank of India, and IDBI Bank among others had a promoter holding well over 85 percent as on March 31, 2025.

    Ashish Rukhaiyar
    June 19, 2025 / 14:13 IST
    Listed for years, still these PSUs have not complied with public shareholding norm: Here's why

    In July 2024, the government extended the deadline for PSUs to become MPS-compliant by a period of two years, which will end in August 2026. The extension was necessitated as the earlier deadline was scheduled to end on August 1, 2024.

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