Govt. may put a hold on 35% minimum shareholding rule

Reports suggest that the Indian Government is planning to put a hold on the plan to increase the minimum public shareholding in listed companies to 35% from 25%.

The plan was announced last month in the budget speech and had resulted in a steep fall in the share market.

The budget also proposed higher taxes on foreign portfolio investors and trusts with more than ₹2 crore income. This move irked many investors and the Government is also reportedly looking for ways to address their issues.