https://www.scconline.com/blog/post/2020/08/27/sat-reason-for-bringing-in-a-minimum-pubic-shareholding-requirement-under-securities-contracts-regulations-rules-is-to-ensure-non-concentration-of-shares-at-the-hands-of-a-single-person-or-a-group/
SAT | Reason for bringing in a minimum public shareholding requirement under Securities Contracts (Regulations) Rules is to ensure non-concentration of shares at the hands of a single person or a group of persons