Sebi revises norms on minimum public shareholding in listed companies

Promoters of listed companies that went public in the last 2 years need to shed stakes worth close to Rs.9,904 crore over the next 12-24 months to comply with Sebi norms on minimum public shareholding in listed companies.

According to Sebi norms, listed companies have to ensure a minimum of 25% public shareholding in three years from the time of listing. Firms that need to shed the largest quantum of stakes include ICICI Prudential Life Insurance and two L&T group firms.