Shikhar Balwani's This Week in India - MarketWatch

MUMBAI (MarketWatch) -- Coming in unannounced on a Friday evening after the equities markets were shut, the Indian government's move to raise the minimum public shareholding requirement for listed companies was a surprise of sorts despite being a topic of discussion for a few years.

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Yet the new norms are likely to have a cascading effect on the South Asian nation's capital markets for the days to come. The directive for all listed companies to ensure that they are at least 25%-owned by the public (up from 10%) is likely to saddle the markets with tens of billions of dollars in shares as founders start off-loading stakes. Firms are needed to scale up to the level by an annual addition of a minimum of 5% to the public float.

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