India exempts state-run firms from meeting public shareholding norms for 2 years, document shows

NEW DELHI (Reuters) - India has exempted all state-run firms from meeting public shareholding norms for two years until August 2026, according to a document seen by Reuters.

All listed Indian companies, including public sector firms, are required to maintain a minimum public shareholding of 25% as per the market regulator's rules.

Market regulator Securities and Exchange Board of India (SEBI) will have to bring the change into effect, the document showed.

(Reporting by Nikunj Ohri; Editing by Himani Sarkar)