Minimum public offer requirements require foreign-incorporated issuers to maintain continuous public shareholding after listing.

Minimum public offer and shareholding requirements distinguish between Indian and foreign-incorporated issuers. Issuers incorporated in India, including in an IFSC, must comply with minimum public offer, public allotment and minimum public shareholding norms under the Securities Contracts (Regulation) Rules, 1957. Issuers incorporated outside India must offer and allot at least ten per cent of post-issue capital to the public and continuously maintain public shareholding of ten per cent of post-issue capital.

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