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As per recent amendment,how much percent of shares can a company sell having a market capitalisation of more than Rs 1 lakh crore at the time of listing? 
  • a)
    2% 
  • b)
    5% 
  • c)
    10% 
  • d)
    8%
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
As per recent amendment,how much percent of shares can a company sell ...
Companies that have a market capitalisation of more than Rs 1 lakh crore at the time of listing can now sell just five per cent of their shares, with the latest amendment in rules, a move that will be beneficial for the government during the proposed initial public offer of LIC.
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As per recent amendment,how much percent of shares can a company sell having a market capitalisation of more than Rs 1 lakh crore at the time of listing?a)2%b)5%c)10%d)8%Correct answer is option 'B'. Can you explain this answer?
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