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Raising public float: Why $50 bn of share sales may be a blessing in disguise for India

By Aman MalikAnkit Doshi

  • 10 Jul 2019
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Raising public float: Why $50 bn of share sales may be a blessing in disguise for India
Credit: 123RF.com

Finance minister Nirmala Sitharaman’s budget proposal to revise the minimum public shareholding norms for listed companies could suck as much as $50 billion out of liquidity from stock markets, keep valuations under pressure and prompt many firms to consider going private. However, the move may also lead to an increase in ......

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