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Jun 20, 2024 · A person in accordance with whose directions, advice or instructions the Board of Directors of a company are accustomed to act. In simple words, promoters perform the preliminary steps, like floating the securities in the market, making the prospectus of the company, etc., for establishing the company’s business.
5 days ago · In the first six month of 2024, promoter entities of 37 companies sold shares worth $10.5 billion, or Rs 87,400 crore. The trend of promoters selling stake in companies gathered pace in the...
Jun 25, 2024 · The key promoters' stake sales include InterGlobe Aviation, which runs India’s largest airline Indigo seeing promoter stake sale of around 2 per cent worth Rs 3,700 crore, and pharmaceutical major Cipla, which saw a 2.7 per cent stake sale worth over Rs 2,700 crore.
3 days ago · Corporate Filings Regulation 27 (Promoter) - Get latest information about Corporate Filings Regulation 27 (Promoter) - Equity, SME and more.
5 days ago · The pace of promoters selling stakes in their companies picked up in the first half of 2024, with deals worth $10.5-billion by the promoters of 37 companies on the NSE500, according to data by...
4 days ago · Promoters of 37 companies offloaded as much as $10.5 billion worth of shares in the first six months of 2024 and is on track to beat last year’s tally of $12.4 billion, says Kotak Institutional Equities in a strategy report. NSE.
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2 days ago · “promoter” means a person— ( a) who has been named as such in a prospectus or is identified by the company in the annual return referred to in section 92; or. ( b) who has control over the affairs of the company, directly or indirectly whether as a shareholder, director or otherwise; or.
