Business Daily from THE HINDU group of publications
Tuesday, Jul 07, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Tuesday, Jul 07, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
|
|
|
|
|
Markets
-
Stocks Industry & Economy - Budget Srividhya Sivakumar The Finance Minister’s Budget promise to raise the threshold level of public holdings in listed companies is of immense significance to both investors and markets alike. While details on how exactly the government plans to go about this exercise aren’t known yet, the move may see companies with very low public shareholding increase it in a phased manner by way of public issues. On an average, the proportion of public stake in the total equity base for CNX 500 companies stood at about 10.4 per cent as on March 31, 2009. About 170 of the 500 companies featured a public holding of less than 10 per cent. This suggests that quite a few companies may have to increase the public shareholding, if the above proposal is to take effect. PSUs would, of course, top the list, with those such as NMDC, National Fertilizer, Container Corporation, Neyveli Lignite and Bharat Electronic that sport low public shareholding. Among the private ones, TV 18, Zee News, Pantaloon Retail, Purvankara Projects, Bharti Airtel, Koutons Retail, HT Media and Idea Cellular figure in the list of stocks with low public shareholding. More Stories on : Stocks | Budget
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2009, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|