Government can exempt any listed PSU from minimum public holding

The mandatory minimum public shareholding was raised to 25% from 10% in FY10 with a carveout provided for public sector units (PSUs) from the norm, which was amended in 2014 to bring them on par with private listed entities. Listed PSUs were given until 2017 to comply, a deadline extended to 2018, to 2020, and then to this month.

via Economictimes