WABCO INDIA Ltd. in this company promotor holds their stake above 75 percent i. e. 93 percent.
as per rule every company can hold at most 75 , how could be this?
1)Promoters have time till 2 September 2021 to meet MPS norms by reducing 93.11% present hold to 75% . REGULATORY FORMALITY BASED / MANDATORY open offer purchase was at 7067.51 per share .(2) Federal mogul hold 96.82% through mandatory open offer at 667.50 per share and deadline to meet MPS norms is 2 February 2021 …had 2 OFS till now in October @342 and December @335 but both had poor response .
LIVE CASE …WENDT ofs on 7 and 8 January 2021 to meet MPS norms.
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thank you #aniln