India touts 35% free float for shares

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By Jonathan Breen
08 Jul 2019

India has proposed increasing the public holding of each stock from 25% to 35% of the total outstanding shares.

The country’s finance minister Nirmala Sitharaman tabled the idea in her national annual budget speech on July 5. Her announcement drove down markets given it could mean forced share sales.

“The expanded free float is a mixed bag, it is positive as it will deepen the market but ...

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