SEBI’s latest communication further says that if a company’s promoter, or promoter group, is also a major shareholder in another company, then that other company will be considered part of the same group, a person familiar with the matter said, declining to be named as he is not authorised to speak to the media.
Mcap of top-10 most valued firms slumps Rs 4.95 lakh cr; TCS, Reliance hardest hit
The combined market valuation of all the top-10 most valued firms plunged Rs 4,95,061 crore last week, in line with a bearish trend in equities,