Listed PSUs sell shares worth Rs 2,500 cr to meet SEBI norms

New Delhi,Listed public sector companies have sold shares worth over Rs 2,500 crore to comply with minimum public shareholding norms for which the deadline ended last week, a report said today. 

Capital market regulator SEBI norms required all state-run companies to have at least 10 per cent public shareholding by August 8. 

Till June 30, as many as 16 public sector companies were required to meet SEBI’s minimum public shareholding norms. 

Among these NMDC, Rashtriya Chemicals & Fertilisers, State Bank of Mysore had complied with the guidelines. The Tribune.

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