https://www.taxtmi.com/notifications?id=128391 The amendments redefine promoter and promoter group with specified corporate, familial and associated-entity inclusions and carve-outs for financial institutions, banks, FIIs and mutual funds. They institute "qualifying promoter" terminology for listing-related provisions and clarify non-impact on listing requirements. Critically, an acquirer holding a substantial majority but less than a super-majority, together with concert parties, must make a public announcement before acquiring further shares; special higher thresholds apply for companies listed after offering a specified public portion. Consolidation of holdings that risks breaching minimum public shareholding must occur via public offer, with prohibitions on market or negotiated purchases during the offer period and specified minimum public offer sizing. en-us Fri, 26 May 2006 00:00:00 +0530 Mon, 18 Feb 2019 15:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=128391 The amendments redefine promoter and promoter group with specified corporate, familial and associated-entity inclusions and carve-outs for financial institutions, banks, FIIs and mutual funds. They institute "qualifying promoter" terminology for listing-related provisions and clarify non-impact on listing requirements. Critically, an acquirer holding a substantial majority but less than a super-majority, together with concert parties, must make a public announcement before acquiring further shares; special higher thresholds apply for companies listed after offering a specified public portion. Consolidation of holdings that risks breaching minimum public shareholding must occur via public offer, with prohibitions on market or negotiated purchases during the offer period and specified minimum public offer sizing. Notifications SEBI Fri, 26 May 2006 00:00:00 +0530 https://www.taxtmi.com/notifications?id=128391