Govt. increases timeline for adhering to MPS norm for PSEs by 2 years: Check details

The Centre has increased the timeline for public sector enterprises or PSEs to comply with minimum public shareholding norms (MPS) to August 1, 2026. The rule pertains to maintaining minimum 25 per cent MPS in the public companies and it was due to end today.

The rule applies to all listed companies in India and suggests that at least 25% of their equity shares are held by non-promoters, i.e., the public. Public shareholders can be individuals or financial institutions, and they typically get shares through public offers or secondary markets.

List of PSU banks in which public shareholding is below 25%

Bank                                 Promoter Holding

Punjab & Sind Bank               98.25%

Indian Overseas Bank           96.38%

UCO Bank                                 95.39%

Central Bank of India              93.08%

Bank of Maharashtra              86.46%

Other PSE companies in which public shareholding is below 25%

Bank                                             Promoter Holding

LIC                                                          96.5%

GIC                                                         85.8%

New India Assurance                          85.4%

IRFC                                                       86.4%

SJVN                                                       81.8%

Mazagaon Dock                                    84.8%

FACT                                                          90%

KIOCL                                                         99%

MMTC                                                    89.9%

Andrew Yule & Company                    89.2%

Scooters India                                        93.8%

ITI                                                               90%

HMT                                                         93.7%