> I mean, sure, SEBI would probably not let this through, but I promise you they’d struggle to find an actual rule to cite while saying no.
Couldn't they just say "you still need to buy at least 15% from the retail investors. 0% is less than 15%, so if you only buy a single share it has to come from a retail investor"?
> I mean, sure, SEBI would probably not let this through, but I promise you they’d struggle to find an actual rule to cite while saying no.
Couldn't they just say "you still need to buy at least 15% from the retail investors. 0% is less than 15%, so if you only buy a single share it has to come from a retail investor"?
Makes sense, maybe that's precisely why no one's attempted it yet.
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They bring so much knowledge
Thank you for reading :)