Comment on The IPO Markets - Part 1

dheeraj commented on 16 Jul 2016, 09:37 PM

So let us assume the promoter retains 40% of the shares and the two angels get 5% each and the company retains 50% of the shares. Since the promoter and two angels own 50% of the shares, this allotted portion is called Issued shares.
Q1
sir, why not promoter hold 51% to maintain his ownership in company for a long time.
Q2`
sir please tell in detail about broad of directors.

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