Former Sebi ED JN Gupta welcomes minimum shareholding norms, warns about PSUs
  • WebDesk BTVI
  • Jul 05 2019

JN Gupta, former ED at Sebi, welcomes the government’s move to impose minimum shareholding norms but adds that most PSUs do not comply with the same. He says that the move is welcome since it will significantly improve floating stock and market liquidity, but adds that the move will be difficult to implement for the reluctance from the promoters’ side.