While private sector listed companies are already required to maintain minimum 25 per cent public shareholding, this limit for state-run listed entities currently stands at 10 per cent, added the media report.
Capital markets regulator Sebi has now proposed that the 25 per cent limit be applied to the listed PSUs as well and has written to Finance Ministry regarding the same.
As per an analysis of stakes held by the government in listed PSUs, there are close to 30 such companies where the public holding in less than 25 per cent and Sebi has proposed that the government pares its stake in these companies to 75 per cent or below over the next three years.
The major PSUs where government holding currently stands at more than 75 per cent include Coal India, SAIL, NHPC, NMDC and SJVN.
Moreover, there are at least seven companies, where government stake is 90 per cent and these include MMTC, Hindustan Copper, HMT, National Fertlizers, Neyveli Lignite Corp, State Trading Corp and State Bank of Mysore.
At the current valuation, the government can garner over Rs 34,000 crore through sale of shares in Coal India alone, if it brings down its holding from 89.65 per cent to 75 per cent, added the media report.