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Listed share sale by promoter
can listed company promoter sale their share open market
Replies (3)
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.
Yes they can as per the rule and regulation of sebi
Reporting under takeover is required also classification provision may need to be complied.
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