SEBI Board Meeting Highlights: Market regulator Securities and Exchange Board of India (SEBI) has concluded its board meeting, after which, multiple changes to the Minimum Public Shareholding (MPS) norms have been proposed by the regulator. While for companies with a market capitalisation of up to ₹50,000 crore, the norms have been left unchanged, while for companies with a market cap of up to ₹1 lakh crore, the 25% minimum shareholding could now be achieved in five years instead of the three years proposed earlier. Stay tuned for all Live updates.
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SEBI Board Meeting Highlights: Market regulator Securities and Exchange Board of India (SEBI) has concluded its board meeting, after which, multiple changes to the Minimum Public Shareholding (MPS) norms have been proposed by the regulator. While for companies with a market capitalisation of up to ₹50,000 crore, the norms have been left unchanged, while for companies with a market cap of up to ₹1 lakh crore, the 25% minimum shareholding could now be achieved in five years instead of the three years proposed earlier. For companies that have a market cap between ₹1 lakh crore and ₹5 lakh crore, SEBI has called for a minimum public offer of up to ₹6,250 crore or ₹2.75% of the post-issue market capitalisation. For companies with a market capitalisation of over ₹5 lakh crore, SEBI has called for a minimum public offer size of ₹15,000 crore or 1%. In case the public shareholding is less than 15% on the day of listing, the 15% minimum shareholding will have to be achieved in five years and 25% in 10 years. No commentary yet on any expiry related changes. Watch this space for all the Live updates.
