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Government, arms need to dilute over Rs 1.26 lakh crore shares in eight months, says SES
The government and its arms would need to sell shares worth at least Rs 1.26 lakh crore in the listed state-owned entities over the next eight months, if it were to fully comply with the minimum public shareholding norms (MPS) of the Securities and Exchange Board of India (Sebi). According to analysis by corporate governance advisory firm Stakeholders Empowerment Services (SES), as many as 40 public sector undertakings (PSUs) are not complying with these norms, which cap the promoter holding at 75 per cent.
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