Shareholding Pattern: A Sketch of Dividing Cake under SEBI's LODR - 2015

Abstract

Corporate Governance structure specifies the rules and procedures for making decisions on corporate affairs. The governance framework encourages the efficient use of resources and accountable for the stewardship of those resources. Shareholders are the true owner of any corporate house. As per SEBI's LODR-2015, status of shareholding pattern is one of the important disclosure. The main objective of this research paper is to focus light on the shareholding pattern in IT and Telecom sector companies in regard to SEBI's Listing Obligation and Disclosure Requirement 2015.

In this study four IT sector companies Infosys, TCS Ltd., Wipro Ltd. and Bharti Airtel Ltd. have been taken for the financial years 2014-15, 2015-16 and 2016-17. This study shows that all sampled companies comply the requirement regarding the categories of shareholding. It has also been observed that in all companies except Bharti Airtel have no foreign promoters' holding. Bharti Airtel has approx. 21% foreign promoter's holding during the study period. It is suggested that the companies should make efforts for foreign shareholding if it is beneficial to the company.