DARSHAN SHAH ( MUMBAI )
24-Apr-2023 06:29 AM
Promoter's Contribution
Sir in the attached screenshot, there is a shareholding pattern of a listed Company named Coffee day Enterprises. The Promoter's holding is only around 8 to 9%. So is this the violation of Securities law, as it should be minimum 20% of post issue capital right?
Promoters can reduce their holding after lock in period is over. So, this is not violation of Securities law.
Answer given by Shubhamm Sir at 27-Apr-2023 06:03 PM