Promoter Holding News
Markets feel the jitters on hike in public float, move to tax buy-backs
The BSE Sensex sank 0.99% to close at 39,513.39, down 394.67 pointsProposals to exempt securities transaction tax on options trading, remove short-term capital gains for fund of funds of central public sector enterprises and relaxations for offshore funds failed to soothe the markets
1 min read6 Jul 2019Opinion | Implications of higher promoter holdings
Indian promoters feel that owning close to half or more of the shares is the easiest way for them to retain control
4 min read29 Aug 2018Kotak Mahindra Bank’s plan to cut promoter stake doesn’t meet norms: RBI
Bank says will engage with the RBI regarding the share allotment
2 min read14 Aug 2018Sebi to freeze promoter holdings if a firm violates minimum shareholding norms
Sebi says that share depositories will freeze the entire shareholding of the promoters if a company is found to have failed to comply with the MPS norms for 15 days
2 min read11 Oct 2017Advisory firm SES raises concerns over RBI rule on promoter holding
According to the RBI private bank ownership norm, promoter holding in a bank should not exceed 15% in order to ensure better governance and diversified shareholding
1 min read9 May 2017Why are RIL’s promoters restructuring their holdings?
Promoters typically undertake such transactions when they want to save on tax or redistribute wealth among family members for succession planning, say analysts
2 min read4 Mar 2017Some PSU banks may not be able to comply with free float norm
RBI, in a recent communication to the Union finance ministry, has said that some PSU banks may not be able to comply with the 25% minimum free float norm within the stipulated timeframe
3 min read7 Dec 2016Promoter pledging of shares at over six-year high, signals corporate distress
Shares pledged by promoters as a percentage of overall promoter holdings for 434 companies of BSE 500 has risen to 12.28% in the September quarter
1 min read19 Nov 2015IndiGo to tweak its promoter holding; IPO after March
Restructuring of shareholding is yet another indication that IndiGo is readying for an IPO
3 min read29 Jul 2014Promoter holding falls in BSE 100 as FIIs raise stakes
Promoter holding in BSE 100 stocks have fallen between Dec 2008 and Sep 2013 while FIIs have steadily cemented their stake
1 min read22 Dec 2013Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared