Question

SEBI decided to give an exemption to some companies from the requirement of the minimum 25 per cent public shareholding. Companies exempted from such requirement should fulfil which of the following norms?
A. They should have market capitalisation of Rs.1,000 crore
B. They should have 20 million shares listed
C. They should have a turnover of Rs.400 crore per annum
A) Only A
B) Only B
C) Only C
D) Both A & B

Answer 1

The right answer is option A and B.

Yes, both the options are right.

The company should have a capitalization of 1000 crores and the 25 percent share of the company must be present in the listing.

If any company fulfills both the requirements then it is eligible to have an exemption from having 25 percent of share in public