Promoters

IPO-bound Zetwerk to raise Rs 600 crore from co-founders via newly formed entity Creovate

Creovate Innovation was incorporated in March 2025 by Zetwerk co-founders Amrit Pratik Acharya and Srinath Ramakkrushnan

Lenskart co-founder Peyush Bansal's quest for a promoter tag and how he's securing it

Bansal bought a total of 42.7 million shares in Lenskart at a valuation of $1 billion, a steep discount from the $9-10 billion valuation the company is aiming for during its IPO.

Sebi nudge ensures IPO-bound firms come clean on list of promoters

Merchant bankers and lawyers who are active in the primary market say that heightened focus on disclosures by the regulator and bourses have ensured that entities that either have a controlling stake or have sufficient influence in terms of control – direct or indirect – are included in the list of promoters.

Lenders seek more collateral for promoter financing on frothy valuation concerns

In the last 12 months, the BSE Midcap index and BSE Smallcap index have gone up by 64.5 percent and 60.5 percent, respectively, compared to the 21.6 percent rise in the Sensex.

Lessons from HDFC Bank’s crash 

Company managements should do a better job in managing investor expectations, while analysts would do well to dig deeper into the performance of companies, so that unpleasant earnings surprises are reduced 

Mumbai-based business couple to invest Rs 1,100 cr in Spicejet, 62 others also pick stake

SpiceJet will issue convertible warrants to 64 allottees, including Prabhudas Lilladher Advisory Services, LKP Finance, Martina Developers, and Fincon, at Rs 50 apiece. This is 18.4% lower than the airline's stock price of Rs 61.3 when markets closed on December 11

Voltamp may see its promoters sell over 10% stake in a block deal tomorrow

The floor price of the deal is expected to be around Rs 4600 a piece which is a 7 percent discount to the stock's closing price on September 25 on the NSE

Byju’s promoters sold shares worth $408.53 million since 2015: PrivateCircle

The shareholding of promoters of the edtech company has been on a gradual decline since 2016, findings show.

Sebi slaps Rs 40 lakh fine on Brightcom Group, promoters

Sebi had conducted an examination in the matter of BGL to ascertain the violation of provisions of insider trading norms, if any, by certain entities while trading in the shares of the company from April 2020 to August 2021.

SEBI is right in asking for higher ownership disclosure by FPIs, but what took it so long?

SEBI has proposed that foreign portfolio investors (FPIs) with investments concentrated in a single stock or stocks of a business group should provide more information on beneficial ownership

Foreign institutions raise equity holdings in small-cap stocks to a 5-year high

Foreign investors' stakes in 76 stocks of the Nifty SmallCap100 Index rose to 7.93 percent in the March quarter against 5.8 percent in December 2022 quarter even as their holdings in largecap and midcap stocks declined, according to a Moneycontrol analysis. 

Role of independent directors in protecting company from promoter family’s feuds

Investors expect independent directors to separate the interests of the company from those of its promoters. They now want independent directors to weigh in when there are disputes within promoter factions

SEBI ruling on liability of independent directors has far reaching implications

If independent directors are held liable and penalised without establishing knowledge, connivance, and negligence, it would be worrisome

Airox Tech files IPO papers, aims to raise Rs 750 crore

The IPO will be a pure offer for sale of upto Rs 750 crore by its existing shareholders and promoters. The OFS comprises of upto Rs 525 crore by Sanjay Bharatkumar Jaiswal and Rs 225 crore by Ashima Sanjay Jaiswal.

Zomato exit shows lock-in shares a double-edged sword for IPO investors 

While institutional investors are supposed to have a long-term mindset, in reality they are as fickle as rookie investors, mistaking price for value 

Laws on pledge of shares need to be simplified

Chasing multiple objectives, SEBI has made multiple and overlapping provisions relating to encumbrances on shares. This has been followed by a series of patchwork of amendments resulting in ambiguity and litigation

How retail participation is cushioning the market fall 

If, despite all the FII selling, the fall in the Indian equity market has been restricted, one can only imagine what will happen when foreign investors come back 

Startups and Unicorns | We have met the enemy and they are us

Investor ecosystem is as much to blame as founders for the governance deficit in many unicorns 

IndiGo reshuffle part of plan to expand international operations

The airline is looking at executives with experience in international markets, sources have told Moneycontrol

Indiabulls Housing Finance CEO quits Dhani board

“To enable me to fully focus my time on Indiabulls Housing Finance, I hereby resign from the board with immediate effect,” Gagan Banga was quoted as saying in an exchange filing

Splitting chairman and MD posts does not make sense for most Indian companies

A fundamental feature of Indian companies is dominance and control of promoter families. In this context, the independent directors should be strengthened more by giving them substantial powers individually and collectively

Cipla promoters to sell up to 2.5% of drugmaker today for Rs 1,844 crore

Yusuf Hamied and Mustafa Hamied will offload the stake through a block deal that translates to a discount of up to 5.25% to Monday's closing price of Rs 955 on NSE

Is this the end of IndiGo promoters’ feud?

The two largest shareholders, Rahul Bhatia and Rakesh Gangwal, have convened an EGM to present a resolution that removes restrictions on the transfer of promoter shares, among other things. If it is accepted, it would end the dispute between the two.

Explained| Why IndiGo's promoters fell out and how the upcoming EGM can settle the dispute

The eyeball to eyeball confrontation between the airline's promoters Rahul Bhatia and Rakesh Gangwal may finally end if the EGM removes restrictions on the transfer of promoter shares.