Shares of state-owned companies having the government holding more than 80% are in limelight after the capital market regulator said that all listed public sector undertakings (PSU) companies should have at least 25% public shareholding in three years.
According to the Securities Exchange Board of India (SEBI), there are about 36 listed PSU companies having less than 25% public shareholding.
The list includes - Coal India, MOIL, NMDC, Dredging Corporation of India, SAIL and National Aluminium having government holding more than 75% each.
Sebi has said that the government will be given a three year time frame to achieve 25% minimum public shareholding (MPS).
HMT, Hindustan Copper, MMTC, STC India, SJVN, ITI and RCF are trading higher in the range of 1-6%, erasing entire intra-day losses, on the Bombay Stock Exchange (BSE).
According to the Securities Exchange Board of India (SEBI), there are about 36 listed PSU companies having less than 25% public shareholding.
The list includes - Coal India, MOIL, NMDC, Dredging Corporation of India, SAIL and National Aluminium having government holding more than 75% each.
Sebi has said that the government will be given a three year time frame to achieve 25% minimum public shareholding (MPS).
HMT, Hindustan Copper, MMTC, STC India, SJVN, ITI and RCF are trading higher in the range of 1-6%, erasing entire intra-day losses, on the Bombay Stock Exchange (BSE).
However, Coal India (down 1% at Rs 390) and SAIL (down 2.6% at Rs 96.10) are down between 1-3%.
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