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Action after co fails to meet 25% public float
Shares held by non-promoters are called public float or public shareholding
The move is to ensure fairness and prevent arbitrary use of latest dispensation provided by the government
Why are free float shares important? What is the free float requirement for newly listed companies? How and who will the Sebi move benefit? In this podcast, we explained Sebi's new free float norms
Sebi proposal follows surge in Ruchi Soya stockprice; higher disclosure norms on the cards
As of June, there were 18 PSUs with government holding of more than 75%