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how to become a promoter of a listed indian company?
Eg.A company listed in NSE/BSE whose indian promoter already have more than 50% of shares. If i want to be part of that promoters what should i do? Is that i should substantial amount of shares in open market?
2 Answers
- MohammadLv 710 years agoFavorite Answer
You mean you want to acquire controlling interest in the company through open market. There are SEBI guidelines in this regard. When one acquires certain percentage of shares(5% or so), one has to inform SEBI. Kindly visit SEBI site and see the relevant regulations(http://www.sebi.gov.in/HomePage.jsp)
Source(s): http://www.sebi.gov.in/HomePage.jsp - SAVISIVALv 510 years ago
A promoter is one who promotes the company. When you buy major shares you become major share holder. By virtue of your ownership you can get elected to the board of directors.
