Promoters incresing stake

This query is : Resolved

jay prakash heerwal (Querist)
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23 February 2013 Sir,

Please tell me all the provisions applicable to a company if one of the promoter of a listed company wants to increase his stake by purchasing shares from another promoter of the same company.

Current Holding of one promoter = 7.5 %

Proposed holding of that promoter = 15 %

Please advice

Thanks in advance

jay prakash heerwal

jay prakash heerwal (Querist)
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23 February 2013 Please also reply whether there is any problem if any person purchase more than 5 % shares of a listed company.