Chemical
Sumitomo Chemical India sells equity to meet minimum public shareholding requirement
Consequent to the offer for sale under stock exchange mechanism, the present public shareholding of the company is twenty five percent (25%) which is compliant with the minimum public shareholding requirement as mandated by SEBI.
- By Pravin Prashant
| October 08, 2020
Sumitomo Chemical Company Limited, promoter of Sumitomo Chemical India Limited has sold 1,64,83,654 equity shares of the company constituting approximately 3.30% of the paid-up equity share capital of the company.
Consequent to the offer for sale under stock exchange mechanism, the present public shareholding of the company is twenty five percent (25%) which is compliant with the minimum public shareholding requirement as mandated by SEBI.
The following is the breakup of shareholding pattern of the company post sale:
Promoter and promoter group - 37,43,59,302 shares (75.00%)
Public - 12,47,86,434 shares (25.00%)
The company offers a diverse range of products globally in the fields of petrochemicals, energy and functional materials, IT related chemicals and materials, health and crop sciences products and pharmaceuticals.
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