Minimum Public Shareholding

The Special National Investment Fund was created to help some CPSEs meet the minimum public shareholding requirement. Since the govt was holding more in some of them, the fund was created to park a part of the excess holding.

MC exclusive: Centre plans OFS in defence, railway, fertiliser, coal PSUs to meet minimum public shareholding

Among the PSUs in the OFS pipeline are Indian Railway Finance Corporation, Ircon International, Mazagon Dock Shipbuilders Limited and NLC India Limited.

RVNL share sale elicits good investor interest: DIPAM Secy

The government’s holding in RVNL will come down from 78.20 per cent to 72.84 per cent after the completion of share allotment to bidders.

To meet public shareholding requirement, REIT and InvIT sponsors & managers can sell to ETFs

Sebi has issued two circulars on the methods by which the trusts can meet minimum public shareholding requirements.

Sebi provides additional methods to comply with minimum public shareholding requirement; rationalises existing ones

The move came after Sebi received representations from listed entities and other stakeholders requesting relaxation from compliance with the conditions specified in the existing methods and approval for using non-prescribed methods to achieve minimum public shareholding (MPS) compliance.

Bank of India approves Rs 3,000 crore QIP, sets floor price at Rs 66.19 per share

The next meeting of the capital issue committee of the bank will be held on August 30 to consider and determine the issue price of shares to be allotted under the QIP, the bank said.

Sebi confirms restriction on 5 cos for violating MPS norms

The Securities and Exchange Board of India (Sebi) in June 2013 had imposed various curbs on over 100 firms, including these five firms, their promoters and directors for not achieving the minimum 25 percent public holding within the June 3 deadline of the same year.

The Curious Case Of Fresenius Kabi!

Last year, in May, the foreign parent of Fresenius Kabi, an Indian oncology drugs company, announced its intention to sell up to 15% promoter stake and reduce its shareholding to 75% via one or more OFS.

SEBI takes action against 105 firms not meeting MPS norms

SEBI issued an order late on Tuesday stating 105 firms have not complied with minimum 25 percent shareholding norms and it will take action against these firms and their promoters and or directors.

Gillette gets relief from SAT on public float norm deadline

Securities Appellate Tribunal (SAT) today stayed market regulator Securities and Exchange Board of India enforcing minimum public shareholding norm deadline of June 3 on Gillete India.

Listed cos must comply with Sebi's public-holding norms: FM

Finance minister P Chidambaram on Tuesday said listed companies must comply with Sebi's minimum public shareholding requirement as enough time has been given to them by the market regulator.

DLF gains 2% ahead of board meet for offer for sale

DLF, the biggest real estate company in India, gained more than 2 percent on Tuesday as the board of directors will meet on Wednesday, March 6 to consider offer for sale.