Public float exemption for PSUs to have riders in privatisation push

The move is to ensure fairness and prevent arbitrary use of latest dispensation provided by the government

The Securities and Exchange Board of India (Sebi), in consultation with the finance ministry, plans to lay down the framework for exempting public sector enterprises from the 25 per cent minimum public shareholding (MPS) norms. 

The move is to ensure fairness and prevent arbitrary use of the latest dispensation provided by the government.

“A framework will be devised to categorise state-owned firms on the basis of which they get exemption along with the time frame to trim the stake,” said two officials in the government.

“It’s not a blanket exemption and will be given on a case-to-case basis,” they added. 

At present, all listed