ANMI CALLS FOR MORE DISCLOSURE OF SHAREHOLDING

The Association of NSE Members of India (ANMI) has sought greater and more up-todate disclosure of shareholding patterns in listed companies, and this issue needs immediate attention of the regulator. Shareholding patterns constitute price-sensitive information downloaded every week by the depositories to registrars and share transfer agents. The companies concerned, however, upload this at the end of the quarter. Such quarterly updates are not entirely helpful in many cases. Stock Exchange currently provide information on open position in derivatives, but the concentration of buyers and sellers is not commonly known. This situation needs to be corrected.