Promoter group seeks reclassification as public shareholders

Longview Tea Company has informed BSE that it received a request from its promoter and promoter group to be reclassified as public shareholders under Regulation 31A of SEBI LODR. This is a procedural step where the existing promoters are asking to exit the promoter category and be treated as ordinary public investors, usually indicating a change in control or a drop in promoter holding.