The problem of poor liquidity and price manipulation by big investors may soon be a thing of the past. In 2010 itself, the Securities and Exchange Board of India (SEBI) had directed listed companies to have at least 25% shareholding. The deadline was later deferred to June 2013. Public sector entities need to have minimum 10% public holding by August 2013. At the end of quarter ended June 2012, just 16 listed PSUs and 200 private sector companies had public shareholding less than 10% and 25%, respectively. Today's chart of the day shows five major listed entities that are still non-compliant with the minimu m public shareholding guideline. In order to prohibit compani es from evading the law, the SEBI has planned to shift non-compliant stocks to 'trade-for-trade' basket of scrips. Stocks in this segment have to be backed by compulsory delivery of shares. Besides, these shares are not part of the futures & options segment. Hence, investors tend to avoid them. Not wanting to meet such a fate, promoters, including the government may approach markets soon for diluting their shareholding. Thus, by mid of next year, the primary and secondary markets may see a flurry of activity. Investors though must be very careful and selective about the stocks they wish to invest in.