As you might have guessed by now, yes! I am new to the world of finance.
I have been going through a playlist on YouTube about investing in the stock market. And in one of the videos, I came across the topics "Family run business" and "Professionally managed business."
I understood what a family-run business is, as the term explains it clearly. But, even after googling for quite some time, I failed to compute what exactly a professionally managed business is and why the promotor holding of these business are always 0%? Let's take ITC Ltd. as an example.