<p>Ahead of the August 21 deadline, the government Thursday extended by two years the deadline for the listed public sector companies to meet the minimum public shareholding norm of 25%.</p>.<p>The new deadline is August 2020. The Centre issued a notification to giving effect to the extension. </p>.<p>The move is expected to give ample time for state-owned companies to go under the hammer. There are more than 20 listed PSU firms that are required to meet the 25% norm that Securities and Exchange Board of India (Sebi) has mandated in order to promote wider investor base in the listed state-run companies.</p>.<p>Among major PSU firms which are still short of the 25% public shareholding norms include Coal India, Hindustan Aeronautics, General Insurance Corp of India and Housing and Urban Development Corp (HUDCO).</p>.<p>The Sebi board had in June 2014 asked listed companies to offer at least 25 per cent of their equity to non-promoter shareholders.</p>.<p>Accordingly, the rules were notified for PSUs to achieve the minimum 25 per cent public shareholding by August 21, 2017, later extended by a year.</p>.<p>In the current fiscal the government aims to garner Rs 80,000 crore through PSU disinvestment, against Rs 1 lakh crore collected last fiscal.</p>.<p>List of PSUs that need to meet 25% public shareholding<br />Coal India Ltd <br />Hindustan Aeronautics Ltd <br />General Insurance Corp of India Ltd <br />KIOCL Ltd <br />Housing & Urban Development Corp Ltd <br />SJVN Ltd <br />ITI Ltd <br />Bharat Dynamics Ltd <br />MMTC Ltd <br />RITES Ltd <br />India Tourism Development Corp Ltd <br />Fertilizers & Chemicals Travancore Ltd <br />Andrew Yule & Co Ltd <br />State Trading Corp of India Ltd <br />Hindustan Photo Films Mfg Co Ltd <br />Scooters India Ltd <br />Hindustan Copper Ltd <br />Madras Fertilisers Ltd </p>
<p>Ahead of the August 21 deadline, the government Thursday extended by two years the deadline for the listed public sector companies to meet the minimum public shareholding norm of 25%.</p>.<p>The new deadline is August 2020. The Centre issued a notification to giving effect to the extension. </p>.<p>The move is expected to give ample time for state-owned companies to go under the hammer. There are more than 20 listed PSU firms that are required to meet the 25% norm that Securities and Exchange Board of India (Sebi) has mandated in order to promote wider investor base in the listed state-run companies.</p>.<p>Among major PSU firms which are still short of the 25% public shareholding norms include Coal India, Hindustan Aeronautics, General Insurance Corp of India and Housing and Urban Development Corp (HUDCO).</p>.<p>The Sebi board had in June 2014 asked listed companies to offer at least 25 per cent of their equity to non-promoter shareholders.</p>.<p>Accordingly, the rules were notified for PSUs to achieve the minimum 25 per cent public shareholding by August 21, 2017, later extended by a year.</p>.<p>In the current fiscal the government aims to garner Rs 80,000 crore through PSU disinvestment, against Rs 1 lakh crore collected last fiscal.</p>.<p>List of PSUs that need to meet 25% public shareholding<br />Coal India Ltd <br />Hindustan Aeronautics Ltd <br />General Insurance Corp of India Ltd <br />KIOCL Ltd <br />Housing & Urban Development Corp Ltd <br />SJVN Ltd <br />ITI Ltd <br />Bharat Dynamics Ltd <br />MMTC Ltd <br />RITES Ltd <br />India Tourism Development Corp Ltd <br />Fertilizers & Chemicals Travancore Ltd <br />Andrew Yule & Co Ltd <br />State Trading Corp of India Ltd <br />Hindustan Photo Films Mfg Co Ltd <br />Scooters India Ltd <br />Hindustan Copper Ltd <br />Madras Fertilisers Ltd </p>
