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A promoter can be a shareholder in the promoted company. If the promoter is the only shareholder, the company may, in compliance with the rule of the United States Securities and Exchange Commission (SEC) and similar rules in other jurisdictions, need to disclose the information prior to selling shares to the public.
Shriram Finance is the flagship company of the Group which provides financial services such as commercial vehicle finance, passenger vehicle finance, SME finance and retail lending (personal loans, gold loans and two-wheeler loans). [7]
The number of equity shares of GTL Infra are approx. 12.61 billion. The Promoter group, GTL Limited along with Global Holding Corporation Pvt Ltd, holds approx. 3.36% of the total equity shares, whereas the banks and financial institutions hold about 63.2% of equity shares in terms of Strategic Debt structuring Scheme.
Vakrangee limited was founded in Marol Naka, Mumbai, 1990 by Dinesh Nandwana, a Chartered Accountant (CA). [8] Though the company commenced its operations as a technology consultancy, it gradually expanded its operations, first by making voter identity cards in 1993, and subsequently as a franchisee for making Aadhaar UID cards in 2010.
The promoter group, the Ambani family, holds 50.39% of the total shares whereas the remaining 49.61% shares are held by public shareholders, including FII and corporate bodies. [47] Life Insurance Corporation of India , public sector company, is the largest non-promoter investor in the company, with 6.49% shareholding.
During a block deal in the last week of December 2022, promoter Jamnalal Sons increased its holdings in the company. In the open market, the promoter purchased equity shares worth a total of ₹100.41 crore. However, the other promoter, Rishab Family Trust, was able to sell a portion of the company's shares. [26]
GMR Group is an Indian multinational conglomerate headquartered in New Delhi.The group was founded in 1978 by Grandhi Mallikarjuna Rao and comprises several companies including GMR Infrastructure, GMR Energy, GMR Airports, and GMR Enterprises.
A stock promoter is a firm or person who promotes a stock, seeking to induce potential investors to buy it as part of an IPO or in the secondary market.. Stock promoters may rely on cold calling prospective investors to acquire stock in a company, as well as using the Internet, which provides for a much more efficient method of promoting a stock to a wider audience.