Question

Trust shall be required to hold the shares acquired through secondary acquisition for a minimilun period of

Answer 1

Trust shall be required to hold the shares acquired through secondary acquisition for a minimilun period of 1 year.

Answer 2

Explanation:

➡️ In a notification, Sebi said, “the trust shall be required to hold the shares acquired through secondary acquisition for a minimum period of six months." “Secondary acquisition in a financial year by the trust shall not exceed 2% of the paid up equity capital as at the end of the previous financial year," it added.