The sources said that these lenders and other Central PSUs are likely to meet the 25% public shareholding norms 'gradually.'
The company had assured compliance after the exchanges had frozen promotors shares in March for not meeting minimum public shareholding of 25 percent
Investors should stay with companies that have dynamic management, visible growth, viable business model, low debt and innovative strategy, while firms with uncertainty surrounding them should be sold, say experts.
TCS and Wipro have promoter shareholding of 72.05 percent and 73.8 percent respectively.
Fund houses are expecting the market to hover around same levels for some more time.
Markets regulator Sebi today lifted restrictions imposed on Bombay Rayon Fashions following the firm's compliance with minimum public shareholding norms.
NHPC is the first PSU stake sale of the current fiscal and the government is selling over 125.76 crore equity shares of NHPC representing 11.36 per cent of the total paid-up equity share capital.
In order to avoid any open offer, P&G and Poddar family had made presentations to shift the Poddar family holding to public shareholders which removes hangover of any open offer.
TTML has now complied with the 25 percent minimum public shareholding requirements, hence cap was removed by the market regulator.
Mohit Goel of Omaxe told CNBC-TV18 that the company shall go for an OFS or IPP to dilute its stake for meeting SEBI's norms on public shareholding. The company had failed to do it meet the June 3 deadline.
Market watchdog SEBI today said strong action would be taken against companies that are not complying with minimum 25 percent public shareholding norms.
Indian companies will be allowed to achieve the minimum 25% public shareholding rule through the allocation of bonus or rights shares, the chief of market regulator Securities and Exchange Board of India (SEBI) UK Sinha said on Thursday.