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Promoter and public shareholder: The art of being in two places at once

Numerous companies have the promoter also classified as a public shareholder

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Sachin P. Mampatta
The Securities and Exchange Board of India (Sebi), in a board meeting on Tuesday, had brought clarity on promoter re-classification.

However, there are companies whose shareholders have the unique distinction of being classified as promoters as well as public shareholders.

There have been instances of this in every quarter since June 2009, shows an analysis of shareholding patterns. The number of such instances has varied from one to over a dozen during the quarters in question.

The sectors where such companies exist include technology, financials, and cement companies, among others.

Examples in 2018 include Anjali Gupta,