Non-promoter holding on a continuous basis and minimum number of shareholders

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....rectors/ Managing Directors of all the Stock Exchanges Dear Sir/Madam, Sub: Non-promoter holding on a continuous basis and minimum number of shareholders The matter of requirement of quantitative continuous listing conditions to be complied by the listed companies to maintain a minimum floating stock post listing was discussed in the meeting of the Secondary Market Advisory Committee. ....

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....el of non-promoter holding at the level of public shareholding as required at the time of listing. ii. Where the non-promoter holding of an existing listed company as on April 01, 2001 is less than the limit of public shareholding as required at the time of initial listing, the company shall within one year raise the level of non-promoter holding to at least 10%. In case the company fails....

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....ion for continued listing. a. When any person acquires or agrees to acquire 5% or more of the voting rights of any securities, the acquirer and the company shall comply with the relevant provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997. b. When any person acquires or agrees to acquire any securities exceeding 15% of the voting rights in a....