Question

A public limited company is having 10% share capital held by another public company and 35% held by Central Government and 55% held by people then that company is a _____________.

• A. government company
• B. private company
• C. public company
• D. None of these

Answer 1

The correct option is C public company

A public company is a company that has issued securities through an initial public offering (IPO) and is traded on at least one stock exchange or in over-the-counter markets. Moreover, controlling more than 50% of the shares by public make the shareholders owner of the company and hence it is a public company.