Minimum Public Shareholding (MPS) Rule for Indian equities

Did you know that it is mandatory for all public companies to give a minimum participation to the public? Why was this rule needed? What advantages does it have? Read on...What is Minimum Public Shareholding (MPS) rule?As per the MPS rule, 25% of the outstanding equity shares of the company must be compulsorily held by the public. Here ‘public’ is defined as non-promoter shareholders. What if