The basic purpose of stock market is to provide capital for investment and for the investors liquidity. The need for such capital is expected to increases with size of the enterprise. For large companies to emerge and function effectively, there is a need to pool risk capital which individual entrepreneurs cannot bring in on their own or with the help of relatives, friends and acquaintances. What is the position that is emerging now? Who own listed companies or, alternatively who provide the risk capital: promoters, intermediaries (broadly defined to include a variety of financial institutions), or individuals who.
