Acquistion of 26% stake in a listed Company


This query is : Resolved 

(Querist)
10 May 2011 Dear,

1. Can an Indian Company acquire 26% stake in a listed company through a private equity mode?
2. Will the stake acquired be termed a public shareholding?

Please provide with other regulatory requirements.

Rasesh (Expert)
11 May 2011 1) Yes. The provisions for public announcement will be trigerred if the holding (directly or indirectly) reaches 15%

2) Yes. It may be termed as public holding if it does not fall within the definitions of promoter and promoter group.


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