Sebi frowned a practice where in private equity investors, even with a minority stake, often have veto powers over key decisions of companies they invest in.
The finance ministry, which is on an overdrive to raise tax collections, is facing a roadblock from the very people who are responsible for filling up its coffers.
The website has 6.2 lakh registered users, according to the TCS release that was issued at the time of the handover to Infosys.
The focus will be back on earnings growth & deleveraging, says IDFC MF’s Kenneth Andrade.
A group of brokerage firms and high net worth individuals is expected to pick up a minority stake in V-Mart Retail in a pre-placement deal.
The company, which has started repaying some, blames labour unrest and lower output for poor cash flows.
Govt has allowed Indian companies to merge with firms overseas through the issue of IDRs and RBI has been asked to issue detailed guidelines on the process.
The split is the second for the Belgium firm after it broke off in 2008 with Kolkatta-based Lodha and Co owned by late RS Lodha.
Sebi has directed the promoters of Chennai-based Marg Infrastructure to raise its open offer price four times due to repeated violation of the takeover code.
The proposed measure may hit companies whose promoters are highly leveraged and lead to stocks of such companies being excluded from the F&O segment.
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