Project Shakti is a project started by it to not only empower women to self-suffeciency, but also in the way reach the roots of the rural population, through a low-cost business model. Now, efforts are also being made to introduce the same, in countries like Vietnam, SriLanka, Bangladesh and other emerging markets, where it can be customised accounding to their environment.
2. Public Holding to increase from 10% to 25%
The government’s reading is that a large public shareholding would serve as a check on managements
According to stock exchange data, on an average, public holding in a company is just 13% One option is to redefine the term public and ensure that 25% is exclusively reserved for the public
The main concern with low public holding is that the number of shares for trading is low, causing volatility
The government does not want to wait for the markets to enter a bull phase to implement the proposal
The UK has a minimum 25% public holding requirement for companies with market cap of less than £100 m
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