)
Samie Modak is a market hawk with nearly two decades of experience. At Business Standard, he leads a dynamic team of reporters, turning complex market data into captivating stories. Off the clock, he's a tech geek, always up-to-date with the latest in gadgets, mobiles, and motorbikes. A sports enthusiast, he avidly follows cricket and tennis. With his blend of market expertise, tech passion, and sports fandom, he brings a fresh, engaging perspective to financial journalism.
Samie Modak is a market hawk with nearly two decades of experience. At Business Standard, he leads a dynamic team of reporters, turning complex market data into captivating stories. Off the clock, he's a tech geek, always up-to-date with the latest in gadgets, mobiles, and motorbikes. A sports enthusiast, he avidly follows cricket and tennis. With his blend of market expertise, tech passion, and sports fandom, he brings a fresh, engaging perspective to financial journalism.
Mulls merit-based easing of Rs 50-crore net worth criteria for qualified depository participants
Amount is about 8 times higher than that spent in 2011-12
View this as a good way of raising stakes firms too, see it as an option to raise cash
Demand change in rules to protect minority investors even after delisting
At least 15 companies await Sebi nod for over a year
FIIs, NRIs, overseas corporate bodies kept out to complete allotment before March 31
Unexplained change from earlier thinking
But demand in retail category sluggish bids in the segment to remain open till Monday
Companies raise Rs 400 crore through this route more firms in the process of seeking board nod
Private equity players, sovereign funds and top executives have been selling
About 0.5 mn shares bought at an average price of Rs 800 apiece
Filling the gap at the top
Auction may still be preferred over FPO for divestment process