Promoters buying shares of their companies is considered positive as they are perceived to know best about their firms’ prospects. Securities and Exchange Board of India regulations permit a promoter to purchase up to 5% equity of his company in a financial year from the open market through the creeping acquisition route.
SEBI’s new PMS framework could potentially double industry size over time: APMI Chairman Vikas Khemani
SEBI’s revised PMS framework introduces PRIM, expands investment options and lowers the entry threshold to ₹25 lakh. Industry leaders expect these changes to broaden PMS