If Thirty five percentage of paid up capital of a private company is held by a public company does the private become a public company?

Answer 1

Yes, private company can become a public company in this case

Answer 2

No, a private company remains private even if a public company holds a percentage of its paid-up capital. The status of a company as public or private is determined by its articles of association and the provisions of the Companies Act in the relevant jurisdiction.

Answer 3

If a public company holds about 51% or more paid up capital of a private company then private company becomes public company.In this case 35% is minority share & majority is held by closely held group of share holders hence it cannot become public company..