Listed share sale by promoter

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2 Points Posted on 30 November 2020
can listed company promoter sale their share open market
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On 30 November 2020 at 14:56 Report
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Quick Summary
Yes, promoters of listed companies can sell shares on the open market. SEBI regulations permit promoters to sell up to 2% of their holdings to maintain the minimum public shareholding requirement of 25%. However, promoters must also comply with takeover reporting and classification provisions.

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Company Secreatary
3186 Points Posted on 30 November 2020

Yes, in my view  SEBI norms require every listed firm to maintain a minimum public shareholding of 25 per cent. To maintain the said ratio/percentage  promoter(s) of  a listed company can now sell shares up to 2 per cent held by the promoters/promoter group in the open market. 

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On 30 November 2020 at 17:17
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Tax consultant
5895 Points Posted on 02 December 2020
Yes they can as per the rule and regulation of sebi
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On 02 December 2020 at 00:46
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Professional
1979 Points Posted on 08 December 2020
Reporting under takeover is required also classification provision may need to be complied.
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On 08 December 2020 at 09:53

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