Regulator Mandated Minimum Public Float
SPECIAL SITUATION REPORT Regulator Mandated Minimum Public Float CATALYST: MINORITY BUY IN (MBI) On June 4, 2010 the Government of India announced that publicly traded companies with majority shareholders (Promoters1) holding greater than 75% are mandated to reduce their positions below 75% before June 2013. This announcement leaves Promoters with the regulator mandated decision to…
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