India proposes higher minimum public shareholding in listed companies
Concerns rise over expectations of a flood of shares being sold
07 July 2019 - 19:25
Mumbai — India proposed raising the minimum public shareholding required in listed companies to 35% from 25% in a surprise move on Friday that triggered concerns there will be a flood of enforced share sales.
The proposal by finance minister Nirmala Sitharaman in a budget speech pushed the stock market down, despite India announcing a tighter fiscal deficit target and lower-than-expected borrowing...
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