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3(a) 30% of the flotation was purchased by institutional investors and DCS also borrowed long-term funds to leverage the newly issued share capital. Before flotation, the company was almost exclusively financed from the founders’ share capital, retained earnings and short-term finance.
Sir i would like to know that after 30% purchase of shares by institutional investors does the remaining 70% belong to DCs or does it belong to wider public shareholders.
‘ This allowed JP to 4ealise his majorityshareholding…’. I would, therefore, guess that the remaining 70% belongs to a wide range of investors, but it is not certain.
If it belongs to wide range of investors then how can DCs still exercise majority powers and have his family and friends to run the company even after issue of shares?
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