Amazing Co. Ltd. (ACL) is a company listed on BSE and NSE for over 15 years. The financial performance of the company is rated to be good while the stock performance is lacklustre. The liquidity in the stock is random an

Amazing Co. Ltd. (ACL) is a company listed on BSE and NSE for over 15 years. The financial performance of the company is rated to be good while the stock performance is lacklustre. The liquidity in the stock is random and often neglected. Poor liquidity is often attributed to poor holding of stock in the hands of retail investors. The shareholding pattern of the company as filed with the stock exchange is as under : S.No. Category of shareholder No. of shareholders No. of shares (₹10 each) 1. Promoter & promoter group and persons acting in concert 15 29,56,500 2. Public financial institutions 4 1,50,000 3. Foreign institutional investors 2 50,000 4. Bodies corporate 15 27,340 5. Resident individuals 102 34,450 6. Others 6 3,400 144 32,21,690 7. GDR 74 1,24,400 218 33,46,090 The company also allotted 1,67,304 convertible debentures of ₹100 each to promoters, which are due for conversion in the next six months. Each debenture will be converted into one equity share of ₹10 each at a premium of ₹90 each. In light of the above, answer the following: What is the percentage of public holding required to be maintained in ACL under Rule 19A of the Securities Contracts (Regulation) Rules, 1957? How much of the promoter holding is required to be diluted to comply with the continuous listing requirements? Also, mention the percentage of holding by each category of shareholders.