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Govt's plan for minimum shareholding norm on hold

Aug 03, 2019 15:35 IST

The Centre is likely to put its plan to increase the minimum public shareholding in listed companies to 35%, on hold, according to reports. Finance Minister Nirmala Sitharaman had announced that the government had written to market regulator SEBI to increase the shareholding norms from existing 25% to 35% for all PSUs. Reports also say that the government is considering options to ease concerns of the FPIs that have pulled wealth out of Indian markets after a cess was levied on individuals or trusts earning between ₹2 crore and ₹5 crore per year.

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