quantum of shares
This query is : Resolved
04 January 2008
can promoter/ directors and the group can take up shares of a listed company thru preferentail allotment to the tune of 50% of the shares ( i.e 10 crores out of the authorised 20 crores )or there is any limitation as to the % to be taken by promoters by sebi
kartik_somu
(Expert)
19 March 2008
Promoters can hold shares more than 20 %, but they are required to hold 20 % holding for a minimum period of three years.
i.e. they cannot sell of that stake within three years.
i.e. they cannot sell of that stake within three years.
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