Listed share sale by promoter
harish sharma (2 Points)
30 November 2020
can listed company promoter sale their share open market
harish sharma (2 Points)
30 November 2020
CS M Pota
(Company Secreatary)
(3186 Points)
Replied 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.
ayusmita
(Tax consultant)
(5885 Points)
Replied 02 December 2020
Chirag
(Professional)
(1979 Points)
Replied 08 December 2020
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