Source : Economictimes.com

Listed Indian companies with a relatively low public float may soon have to work on plans to increase their public shareholding by at least 3-5% annually to ensure that they fulfil the minimum threshold level of 25%.

Early this year, the government had put out a draft proposal, asking all listed companies to ensure a minimum public holding of 25% while listing and subsequently, on a continuous basis. The norms relating to public holding are specified under the Securities Contract (Regulation) Act, which is administered by the finance ministry. Read the rest of this entry »