India has granted a two-year exemption from public shareholding norms to all state-run companies, extending until August 2026, as per a document reviewed by Reuters.
Currently, all listed Indian companies, including public sector enterprises, are mandated to maintain a minimum public shareholding of 25% according to market regulator Securities and Exchange Board of India (SEBI) rules.
SEBI will need to formalize this exemption for it to take effect.
