25% Share­hold­ing Rule Should Ap­ply to PSUs Too: Sebi

The Economic Times - - Companies -

Sebi chair­man U K Sinha on Thurs­day said that the min­i­mum 25% pub­lic share­hold­ing rule should ap­ply to all pub­lic sec­tor com­pa­nies as well. Un­der the cur­rent rule, pri­vate sec­tor com­pa­nies have to main­tain at least 25% pub­lic share­hold­ing whereas the limit for state run com­pa­nies is 10%. “Our stand as a reg­u­la­tor is that all cos should be treated alike on all mat­ters, not only pub­lic float on cor­po­rate gov­er­nance and all and this is what we have been telling the govern­ment,” Sinha said af­ter meet­ing with fi­nance min­is­ter Arun Jait­ley.

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