Govt sets 25% minimum float for listed firms The government on Friday set out new rules requiring listed companies to have a public float of at least 25%, a move which could prompt tens of billions of dollars in share sales and further crowd the pipeline for new issues. Listed companies with a free float of less than 25% must increase it by a minimum of 5% a year, the government said in a statement Among companies in the 30-share benchmark Bombay Stock Exchange (BSE) Index, realty firm DLF, power producer NTPC and software services firm Wipro have a public float of less than 25%, according to BSE data.  BHATIYA PARESH J |
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Friday, June 4, 2010
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