Push to Strategic Disinvestment. Ease of sale: Exemption for PSUs from minimum public float norm to continue
- Business Line - 03-01-2023
In an effort to facilitate strategic disinvestment, the Finance Ministry has said a listed public sector undertaking will continue to be exempt from Minimum Public Shareholding (MPS) norm for a ‘specified period’, even after change of control.
For a listed company, the norm is that it must maintain a minimum public shareholding of 25 percent.
Our Co-founding Partner Sawant Singh shared with businessline that the amendment introduces an explanation to clarify that despite a change in control, the exemption would continue to apply.
Read More