With the 2019-20 fiscal coming to an end soon, the Budget proposal to consider raising the public float in listed companies to 35 per cent may see some action in the next financial year, officials said on Tuesday.
It needs examination of impacts and trends, and also seek stakeholders’ views that takes time, they said, adding that there could be action on this front in the next fiscal.
Market regulator SEBI has to submit a report to the Finance Ministry on the current Budget proposal to consider raising the current threshold of 25 per cent to 35 per cent.
