MM Ltd has 1,00,000 fully paid-up shares of ₹ 100 each as on 31st March, 2017. The shareholding pattern of the MM Ltd is given below: Shareholding Pattern Number of Shares Shares held by promoter group 19750 Strategic in

CS Professional · Capital Commodity and Money Market · PYQS · December 2017
MM Ltd has 1,00,000 fully paid-up shares of ₹ 100 each as on 31st March, 2017. The shareholding pattern of the MM Ltd is given below: Shareholding Pattern Number of Shares Shares held by promoter group 19750 Strategic investment by the government 500 Independent public companies 10000 Shares held by promoters through ADR 2500 Cross holding of associate companies 125 Employee welfare trusts 1475 Shares under lock-in category 14000 Retail investors 51650 From the above, you are required to (b) Compute the IWF in terms of percentage?

Answer & Explanation:

Computation of IWF Total Shares 1,00,000 Less: Excluded Pattern of Shares Shares held by Promoter Group 19,750 Strategic Investment by the Government 500 Shares held by Promoters through ADR 2,500 Cross Holding of Associate Companies 125 Employee Welfare Trusts 1,475 Shares under Lock-in-Category 14,000 38,350 Free Float Shares 61,650 IWF% = Free Float Shares / Total Shares * 100 IWF% = 61650 / 100000 * 100 = 61.65%

Topics: Capital Market

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