Shareholding of promoter / promoter group to be in dematerialized mode

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....lding in dematerialized mode". The said circular was issued in order to moderate sharp and destabilizing price movements in shares of companies, to encourage better price discovery and to increase transparency in securities market. The aforesaid circular inter-alia mandated securities of companies to be traded in normal segment, if and only if, the company has achieved atleast 50% non-promoter sha....

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....segment. 4) For the above purpose the exchanges shall take the latest shareholding pattern as required to be submitted by the listed companies with exchanges in pursuance to the Listing agreement as of the preceding quarter or of any subsequent date. 5) The Stock Exchanges are advised to: a) put in place the adequate systems and issue the necessary guidelines for implementing the above decisio....