Sebi may defer proposal of raising minimum public shareholding to 35%

The market regulator is learnt to have received suggestions saying this is not the appropriate time to widen the public float

The Securities and Exchange Board of India (Sebi) is likely to defer the Budget proposal of raising minimum public shareholding in listed companies to 35 per cent, said a person with knowledge of the matter. 

Union Finance Minister Nirmala Sitharaman (pictured) had announced the proposal to raise the minimum public shareholding to 35 per cent from 25 per cent, in her Budget speech. The government was of the view that a higher float would limit market manipulation, promote equity culture, and improve tax mobilisation through capital gains.

The market regulator is learnt to have received suggestions, including from its expert panel of