Listed Companies without (Zero) Promoter Holding in the Indian Stock Market ?
Listed Companies without (Zero) Promoter Holding in the Indian Stock Market ? According to the minimum public share holding rule as per the Regulations for the Indian Equity Market and it's Exchange, a listed company must allocate at least 25 Percent of it's shares to the Public including Retail Market participants. When we say public shareholders(25 Percent Rule), it may include Retail investors, HNI and Large Investors and Institutions. On the other side for the Promoters, there is a rule that they should not hold more than 75 Percent of Shares in a single listed company in the Indian Equity Market. If a company owns more than 75 Percent of Shares in a company, then those shares must be sold through Divestment in a particular period of time. Generally, these Promoters' Shareholding rules are not applicable for the Government owned companies and exempted entity. So they can hold more than 75 Percent of it's shares at anytime. Eg: Govt owned Insurance Companies,...