Articles 11th Feb 2026
Our Partner Geeta Dhania and Associate Nathaniel Jordan Warjri have co-authored an article titled, “๐ ๐ถ๐ป๐ถ๐บ๐๐บ ๐ฃ๐๐ฏ๐น๐ถ๐ฐ ๐ฆ๐ต๐ฎ๐ฟ๐ฒ๐ต๐ผ๐น๐ฑ๐ถ๐ป๐ด: ๐ฅ๐ฒ๐ด๐๐น๐ฎ๐๐ผ๐ฟ๐ ๐๐๐ผ๐น๐๐๐ถ๐ผ๐ป, ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ฎ๐ฐ๐ถ๐น๐ถ๐๐ฎ๐๐ถ๐ผ๐ป, ๐ฎ๐ป๐ฑ ๐ฃ๐๐ฏ๐น๐ถ๐ฐ ๐ฆ๐ฒ๐ฐ๐๐ผ๐ฟ ๐ง๐ฟ๐ฒ๐ฎ๐๐บ๐ฒ๐ปt”.
This article traces the evolution of Indiaโs 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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