Acquistion of 26% stake in a listed Company
This query is : Resolved
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.
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.
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.
2) Yes. It may be termed as public holding if it does not fall within the definitions of promoter and promoter group.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Import license renewal
- GST ON EXPORT COMMISSION
- Inventory of finished goods
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
