Three-year disclosure must for promoter share transfer: Sebi
Agencies: New Delhi, Dec 07 2012, 14:45 IST
shareholding pattern in terms of the listing agreement is available only for two years. Thus, prima facie the promoters do not qualify for the inter-se transfer since they are not complying with one of the pre-requisites (mentioned as the first condition)," Sebi said.
The regulator, however, clarified that its position is based on the information furnished by the company in reference to the present case and different facts or conditions might lead to a different result.
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