The Securities and Exchange Board of India (SEBI) has issued a new circular requiring listed entities to disclose the shareholding patterns of promoters and promoter group entities separately. Previously, these were disclosed collectively. This change aims to increase transparency for investors. The revised format for this disclosure is provided in Annexure A of the circular.
Securities and Exchange Board of India
CIRCULAR
SEBI/HO/CFD/CM D/CIR/P/2021/616
August 13, 2021
To,
All Listed entities
All Recognized Stock Exchanges
All Depositories
Dear Sir/Madam,
Sub: Disclosure of shareholding pattern of promoter(s) and promoter group entities.
1. Regulation 31(4) ofSecurities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015(LODR) mandates that all entities falling under promoter and promoter group be
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FAQ :
The main change is that listed entities must now disclose the shareholding patterns of promoters and promoter group entities separately, rather than collectively.
This change has been introduced in the interest of transparency for investors.
The revised format for disclosing the shareholding pattern of promoters and promoter group entities is placed at Annexure A of the circular.
Circular No. CIR/CFD/CMD/13/2015 dated November 30, 2015, is modified to the extent that shareholdings of promoter(s) and promoter group entities will now be disclosed separately.
Stock Exchanges are advised to bring the provisions of this circular to the notice of all listed entities and disseminate the same on their websites.
Guest
Notification No : SEBI/HO/CFD/CM D/CIR/P/2021/616Published in Investments & Personal Finance
Source : https://www.sebi.gov.in/legal/circulars/aug-2021/disclosure-of-shareholding-pattern-of-promoter-s-and-promoter-group-entities_51847.html