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MNCs With Over 65% Promoter Holding May Consider Delisting After Budget Proposals

Experts say some multi-national companies (MNCs) can consider delisting from bourses if the government proposal to increase minimum public shareholding to 35 percent is formally introduced.
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Finance Minister Nirmala Sitharaman proposed in her Budget presentation on July 5 to mull increasing minimum public shareholding to 35 percent from present 25 percent. Experts have been cautioning the investors since then.


“Each of the MNCs needs to be analyzed separately. Few of the large MNCs already have promoter stake close to 65 percent, so nothing changes. Possibility of delisting is high among those companies where promoter stake is very close to 75 percent thereby meaning that in those companies parent prefers higher stake,” Shailendra Kumar, CIO at Narnolia Financial Services told Moneycontrol.
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