• The Securities and Exchange Board of India (SEBI) has relaxed the 25 percent Minimum Public Shareholding (MPS) norm.
• The rules have been relaxed for listed entities for whom the deadline to comply with MPS requirements falls between the period from March 1, 2020, to August 31, 2020. Under SEBI norms, listed entities are required to have at least 25 percent public shareholding.
• SEBI has advised stock exchanges not to take penal action till August 2020 in case of non-compliance. The SEBI move is aimed at easing such compliance rules amid the disruptions caused by the coronavirus pandemic.
Mains Paper 3: Economy
Prelims level: Minimum Public Shareholding norms