Shareholding thresholds require qualifying depository or joint venture ownership while capping other direct or concerted holdings. Regulation 18 requires a recognised depository to have minimum qualifying ownership through either a recognised depository or a joint venture of eligible ... Summary
Shareholding thresholds require qualifying depository or joint venture ownership while capping other direct or concerted holdings.
Regulation 18 requires a recognised depository to have minimum qualifying ownership through either a recognised depository or a joint venture of eligible market infrastructure institutions. Other persons may not acquire or hold more than twenty-five per cent of paid-up equity share capital, directly or indirectly, individually or with persons acting in concert. The joint-venture route replaced the earlier consortium route with effect from 1 November 2024.
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