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The influence of Indian promoters on listed firms has been on a decline. The average promoter shareholding in the BSE-500 companies, excluding public sector undertakings (PSUs), has slipped to a five-quarter low of 47.3 per cent at the end of December 2018.
According to experts, promoters have diluted their shareholding, as they have used their stake to meet other funding requirements.
"Historically, public sector banks (PSBs) were the biggest source of debt funding in the country. In the last three years, lending from the PSBs, both for working capital and project finance, has become tough because of their
According to experts, promoters have diluted their shareholding, as they have used their stake to meet other funding requirements.
"Historically, public sector banks (PSBs) were the biggest source of debt funding in the country. In the last three years, lending from the PSBs, both for working capital and project finance, has become tough because of their
