Currently PSUs need to maintain public shareholding of 10%.
"...If they (Sebi) say 25% (minimum public holding) that will be a different set of guideline. If any PSU wants to avoid that it has to get itself delisted... If a PSU decides to get listed, then it is bound by the listing law," Jaitley said.
In June Sebi board had decided that all listed PSUs should achieve a minimum public shareholding of 25% within three years.
The decision, aimed at ensuring uniformity among listed entities irrespective of their promoters, would also help the government raise close to Rs. 60,000 crore from the sale of shares in around 36 listed PSUs where the public shareholding is less than 25%.
Under current norms, government undertakings should have at least 10% public shareholding whereas for non-PSU firms the minimum level is 25%.