Articles 11th Feb 2026
Our Partner Geeta Dhania and Associate Nathaniel Jordan Warjri have co-authored an article titled, “𝗠𝗶𝗻𝗶𝗺𝘂𝗺 𝗣𝘂𝗯𝗹𝗶𝗰 𝗦𝗵𝗮𝗿𝗲𝗵𝗼𝗹𝗱𝗶𝗻𝗴: 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 𝗘𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻, 𝗠𝗮𝗿𝗸𝗲𝘁 𝗙𝗮𝗰𝗶𝗹𝗶𝘁𝗮𝘁𝗶𝗼𝗻, 𝗮𝗻𝗱 𝗣𝘂𝗯𝗹𝗶𝗰 𝗦𝗲𝗰𝘁𝗼𝗿 𝗧𝗿𝗲𝗮𝘁𝗺𝗲𝗻t”.
This article traces the evolution of India’s minimum public shareholding framework under the Securities Contracts (Regulation) Rules, 1957, particularly Rule 19(2)(b) and Rule 19A. It explains the move from a flat 25% public float requirement to a graded, size-based regime with phased compliance for large issuers. The analysis also covers sector-specific relaxations and the distinct treatment of Public Sector Undertakings. Overall, it highlights how the minimum public shareholding framework balances liquidity, investor protection, and promoter control in a growing market.
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