Public Shareholding Norms

The exemptions from the minimum public shareholding (MPS) norm will be valid for a "specified period" even if there is a change in ownership or control after the exemption is granted, the notification said.

The Indian government is in talks with the market regulator seeking to relax a key public shareholding norm for the potential buyer of IDBI Bank in a bid to attract a larger pool of suitors, according to two sources.

The Finance Ministry will discuss with market regulator SEBI to exempt LIC from the minimum public shareholding norm

Companies with a post-issue capital above Rs 10,000 crore will be required to initially sell only 5 per cent to the public, as against 10 per cent mandated earlier.

The Budget 2019-20 proposed raising the current threshold of 25 per cent minimum public shareholding in the listed companies to 35 per cent

The three-year deadline as notified by the Ministry in September 2014, was due to end on August 21, 2017.

Sebi said the objective of bringing these changes is to "have wider public shareholding and to prevent very large unlisted company to get listed by merging with a very small company".

Companies need not require nod of shareholders for re-classification of promoter group members to public category subject to certain conditions, according to Sebi.

Alstom T&D India on Thursday said that market regulator Sebi has allowed it to sell 42,565 shares to maintain the minimum public shareholding requirement. Sebi has allowed promoters of Alstom T&D India sell up to 42,565 equity shares on floor of stock exchanges to comply with minimum public shareholding requirement, the company said in a BSE filing...

US giant GE's Rs 770-crore open offer to acquire publicly held shares in Alstom India is in compliance with Securities and Exchange Board of India (Sebi) norms, but shareholders should make "an informed decision" as offer price of Rs 440 is less than the trading price, Alstom's independent directors have said.

US giant GE's Rs 1,926-crore open offer to acquire publicly held shares in Alstom T&D India is in compliance with Sebi norms but shareholders should make informed decision as the offer price of Rs 300.98 a share is less than trade price, Alstom's independent directors have opined.

The Securities and Exchange Board of India (Sebi) on Monday approved a new set of norms to provide an exit route to dissenting shareholders in case of a listed company diverting from its stated objective behind raising of funds from the public.

The Securities and Exchange Board of India (Sebi) on Tuesday confirmed restrictions imposed on four companies - Eider Infotech, Indore Wire Company, REIL Electricals India and Kutch Salt & Allied Industries - for their failure to comply with minimum public shareholding norms.

In a significant move to safeguard minority investors, the Securities and Exchange Board of India (Sebi) on Monday proposed making it mandatory for listed companies to provide an exit option to dissenting shareholders in case of changes to the objectives for which they had raised money from public.

The curbs have been revoked by Securities and Exchange Board of India (Sebi) after the company complied with the minimum public shareholding (MPS) requirements.

The exemptions from the minimum public shareholding (MPS) norm will be valid for a "specified period" even if there is a change in ownership or control after the exemption is granted, the notification said.

The Indian government is in talks with the market regulator seeking to relax a key public shareholding norm for the potential buyer of IDBI Bank in a bid to attract a larger pool of suitors, according to two sources.

The Finance Ministry will discuss with market regulator SEBI to exempt LIC from the minimum public shareholding norm

Companies with a post-issue capital above Rs 10,000 crore will be required to initially sell only 5 per cent to the public, as against 10 per cent mandated earlier.

The Budget 2019-20 proposed raising the current threshold of 25 per cent minimum public shareholding in the listed companies to 35 per cent

The three-year deadline as notified by the Ministry in September 2014, was due to end on August 21, 2017.

Sebi said the objective of bringing these changes is to "have wider public shareholding and to prevent very large unlisted company to get listed by merging with a very small company".

Companies need not require nod of shareholders for re-classification of promoter group members to public category subject to certain conditions, according to Sebi.

Alstom T&D India on Thursday said that market regulator Sebi has allowed it to sell 42,565 shares to maintain the minimum public shareholding requirement. Sebi has allowed promoters of Alstom T&D India sell up to 42,565 equity shares on floor of stock exchanges to comply with minimum public shareholding requirement, the company said in a BSE filing...

US giant GE's Rs 770-crore open offer to acquire publicly held shares in Alstom India is in compliance with Securities and Exchange Board of India (Sebi) norms, but shareholders should make "an informed decision" as offer price of Rs 440 is less than the trading price, Alstom's independent directors have said.

US giant GE's Rs 1,926-crore open offer to acquire publicly held shares in Alstom T&D India is in compliance with Sebi norms but shareholders should make informed decision as the offer price of Rs 300.98 a share is less than trade price, Alstom's independent directors have opined.

The Securities and Exchange Board of India (Sebi) on Monday approved a new set of norms to provide an exit route to dissenting shareholders in case of a listed company diverting from its stated objective behind raising of funds from the public.

The Securities and Exchange Board of India (Sebi) on Tuesday confirmed restrictions imposed on four companies - Eider Infotech, Indore Wire Company, REIL Electricals India and Kutch Salt & Allied Industries - for their failure to comply with minimum public shareholding norms.

In a significant move to safeguard minority investors, the Securities and Exchange Board of India (Sebi) on Monday proposed making it mandatory for listed companies to provide an exit option to dissenting shareholders in case of changes to the objectives for which they had raised money from public.

The curbs have been revoked by Securities and Exchange Board of India (Sebi) after the company complied with the minimum public shareholding (MPS) requirements.