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Cabinet nod to 15% maximum shareholding in banks Vote_lcap68%Cabinet nod to 15% maximum shareholding in banks Vote_rcap 68% [ 178 ]
Cabinet nod to 15% maximum shareholding in banks Vote_lcap18%Cabinet nod to 15% maximum shareholding in banks Vote_rcap 18% [ 47 ]
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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Cabinet nod to 15% maximum shareholding in banks

Cabinet nod to 15% maximum shareholding in banks

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fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics

The Cabinet at its meeting yesterday approved an increase in the shareholding threshold in commercial banks from an earlier limit of 10% to 15%.

This is applicable only to those shareholders who previously held over 15% but were forced to reduce it to 10%.

Analysts said the latest move offers significant relief to major shareholders and removes the uncertainty which previously prevailed, thereby boosting investor confidence.

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