State-run firms to remain exempt from public shareholding norms: Govt

Indian state-run companies will continue to be exempt from the minimum public shareholding (MPS) norm that requires listed companies to maintain a 25% public shareholding, a government notification said late on Monday.
 

The exemptions from the MPS norm will be valid for a "specified period" even if there is a change in ownership or control after the exemption is granted, the notification said.
 

India's capital market regulator has been giving state-run companies exemptions from the MPS norm for years now.
But extending that exemption for the state-run companies in case they are privatized may coax investors to buy a stake