Illustration: Ajay Mohanty
Indian state-run companies will continue to be exempt from the minimum public shareholding (MPS) norm that requires listed companies to maintain a 25% public shareholding, a government notification said late on Monday.
The exemptions from the 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.
India's capital market regulator has been giving state-run companies exemptions from the MPS norm for years now.
But extending that exemption for the state-run companies in case they are privatized may coax investors to buy a stake in government companies.
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First Published: Jan 03 2023 | 11:24 AM IST