Minority Shareholders

Considerations are ongoing and no final decisions have been made, the people said. Representatives for Blackstone, GIC, Haldiram and ADIA declined to comment

The Minorities Affairs Ministry on Monday made an extensive presentation at a parliamentary panel meeting to address the queries of MPs on the Waqf (Amendment) Bill, with some opposition members arguing that the ministry's consultations over the years never called for a new law. A batch of petitions in the Supreme Court challenging the insertion of words 'socialist' and 'secular' in the Constitution in 1976 also cast a shadow on the meeting as heated words were exchanged after opposition MPs questioned the panel's decision to seek depositions from some lawyers behind the plea, drawing reaction from BJP members. A BJP MP said all Indians are stakeholders in any proposed law, and the committee in its wisdom can call anyone it deems fit to offer any valuable suggestion. The Waqf law has impacted a large number of non-Muslims, he claimed. Advocates Ashwini Upadhyay, a BJP member, and Vishnu Shankar Jain are among those behind the SC pleas. They had last week appeared before the committe

Shares of Raymond have declined over 14 per cent in a month. In the past 12 trading sessions, the stock has declined 20 per cent

The last year saw 63 dissenting resolutions, constituting 11.19 per cent of the total, while this year it decreased to 44, representing 9.24 per cent of the total resolutions presented

Five resolutions placed by KRBL were rejected, including that of increasing remuneration of the managing director (MD) and chairperson, three joint MDs and one whole-time director

A group of minority shareholders of Dish TV has sent a notice to call an Extraordinary General meeting (EGM) of the direct-to-home service provider, raising concerns over corporate governance issues, seeking reconstitution of the board and removal of two independent directors questioning their independence. The notice sent by 77 shareholders of Dish TV, representing 10.15 per cent shareholding, proposed to nominate K Badri Narayanan, Satis Kumar Yanmandra, Jeet Sen Gupta as independent directors on the board of the Essel Group firm. Besides, it has also sought the removal of two independent directors -- Shankar Aggarwal and Rashmi Aggarwal -- from the board of the company. "The existing independent directors have a long-term association with Dish TV and Essel group which cast doubt over their independence," the shareholders wrote in the notice. Dish TV is embroiled in a tussle between its largest shareholder Yes Bank Ltd (YBL) and the promoter family led by its former chairman Jawa

The percentage of people from these groups expecting a "comfortable" retirement is also greater

In a Q&A, Rajat Sood and Som Krishna say their company isn't absolutely return-focused, but is a relative value investor that is looking out for bogh buyouts and minority stakes

Sebi on Friday approved introduction of a new option for appointment and removal of independent directors from the boards of companies. The move will provide flexibility in the approval process for appointment or removal of independent directors. Once the amended rules are in place, the appointment and removal of independent directors could be done by way of two parameters -- threshold for ordinary resolution and threshold for majority of minority shareholders. Currently, the appointment, re-appointment or removal of independent directors is to be made through a special resolution. Sebi's board, during its meeting held here on Friday, approved an alternative method for the appointment and removal of independent directors appointed for the first term. Under the alternate mechanism, if the special resolution for appointment of an independent director does not get the requisite majority, then two other thresholds -- for ordinary resolution and for majority of minority shareholders --

AppsForBharat is a spiritual content platform founded by Prashant Sachan, one of the co-founders of Trell, who left the social commerce company at the end of 2020

After negative market reaction, the govt recently made a U-turn on its decision to take away the revenue IRCTC earns from convenience fee. Now what does it mean for investors of PSU stocks?

Goldman Sachs on Wednesday said it has made an investment in Aragen Life Sciences for a significant minority stake in the contract research organization. It, however, did not disclose the value of the investment. Goldman Sachs's alternative investing arm Goldman Sachs Asset Management picked up shares in the company, which was earlier known as GVK Biosciences, from Chryscapital and other investors, as per an official statement. A media report on Monday had said Chryscapital will be selling its 17 per cent and promoters will dilute 16 per cent to give one-third ownership of the company to Goldman, and the total company valuation was pegged at USD 1 billion. Aragen is well positioned to benefit from the secular trend of increased outsourcing by the life sciences industry. With a clear value creation plan in place, we look forward to closely working with the management and shareholders of Aragen, Rajat Sood, managing director at Goldman Sachs Asset Management, said. He added that the

Experts explain the distinction between the rights of small and minority shareholders in public-listed and private companies

The bulk sale deals in the company scrip seen in the last one week included KKR, Vistra ITCL India and L&T Finance

The SC on Friday agreed to hear a plea filed by the SP Group challenging the National Company Law Appellate Tribunal's (NCLAT's) December order

There are several instances where courts have dismissed petitions that do not meet the 10% threshold

Given the stranglehold of promoters on Indian companies and apathy of minority shareholders, it is not very often that a resolution gets defeated in shareholder meets. Earlier this week, a proposal by Mangalore Chemicals & Fertilisers to deal with a promoter group firm was defeated. N Sundaresha Subramanian looks at a few resolutions that did not pass in 2016. Of the thousands of resolutions, that came up for vote, there were 14 resolutions which were voted against by shareholders at AGMs/EGMs/Postal Ballots and Court Convened Meetings held between January and September 15. A snapshotAARTI DRUGS LTD.TYPE: Memorandum & Articles of AssociationRESOLUTION DESCRIPTION: Alteration of Articles of AssociationESSAR SHIPPINGTYPE: Charge shareholders for documentsRESOLUTION DESCRIPTION: To authorise board to fix charges for serving documents by any particular modeINDIABULLS VENTURESTYPE: Board changesRESOLUTION DESCRIPTION: Re-appointment of Ashok Kumar Sharma as whole-time directorIDFC