Current Affairs - Economy - Discussion

Discussion :: Economy - Latest Current Affairs (Q.No.94)

94. 

As per the recent amendment, how much percent of shares can a company sell having a market capitalization of more than Rs 1 lakh crore at the time of listing?

[A]. 5%
[B]. 2%
[C]. 8%
[D]. 10%

Answer: Option A

Explanation:

Companies that have a market capitalization of more than Rs 1 lakh crore at the time of listing can now sell just five percent 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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