Govt notifies 25% minimum public shareholding norms for listed PSUs The government has notified 25% minimum public holding norms for listed public sector units (PSUs). The move is likely to help the government to disinvest PSU shares worth an estimated Rs 60,000 crore over the next three years as well as ensure more PSU shares for retail investors. As per the government notification, over 30 listed PSUs will need to raise their public shareholding to minimum 25% by August 21, 2017. Presently, the listed PSUs were required to have at least 10% public holding, whereas the minimum public holding in non-PSU listed companies is already 25%. The government had already decided that there should be a uniform norm for all companies listed on stock exchanges. There are around 9 public sector banks (PSBs), 25 Central Public Sector Enterprises (CPSEs) and one State-level public enterprise (SLPE) which are listed and have less than 25% minimum public shareholding.
Posted on: Fri, 10 Oct 2014 05:42:51 +0000
Trending Topics
Recently Viewed Topics
© 2015