Free-float refers to those shares
which are readily available for trading in the stock market. It generally
excludes promoters' holding, government / strategic holding and other locked-in
shares, which will not come to the market for trading in the normal
course.
E.g.: MMTC has Rs. 5 crore outstanding shares, of which 4.97 crore shares are held by the Government under promoter category. Only the balance 3.34 lakh shares comprise the free float of the company.
E.g.: MMTC has Rs. 5 crore outstanding shares, of which 4.97 crore shares are held by the Government under promoter category. Only the balance 3.34 lakh shares comprise the free float of the company.
