India reduces minimum public share float, paving way for NSE, Jio listings

The regulator last year proposed to halve the minimum amount of ‌shares large ⁠companies ⁠had to offer in their IPOs, allowing those valued at above ​Rs 5 lakh crore ($57 billion) after listing to sell just 2.5% of their ​paid-up capital. This has now been formally notified by the government