This comes hours after CNBC-TV18 reported on November 21 that ED sent a show cause notice to Byju's for alleged FEMA violations amounting to Rs 9,000 crore.
So how many seats is too many?
The purpose of the schemes is to retain and motivate talented and critical employees; and to increase shareholder value, as a reward for their performance
The western model of corporate governance is inappropriate for India’s ownership structure. A new approach is required that acknowledges India’s unique promoter-public shareholder ecosystem
Foxconn Ventures Pte Ltd will purchase 12.9 million shares on or after Nov. 22 and an additional 26 million shares that will propel Foxconn's holdings to 18.3% of Lordstown's common stock and all of its preferred stock, surpassing founder Stephen Burn's stake of 17.2%, according to Refinitiv.
Revlon filed a brief in Manhattan federal court on Sunday arguing that the company's $3.5 billion debt load meant that shareholders would likely receive nothing from the company's bankruptcy, so a committee's "significant" costs would "greatly outweigh any speculative benefit."
Pinterest has "significant potential for growth", which led Elliott to become its largest shareholder, Elliott managing partner Jesse Cohn and senior portfolio manager Marc Steinberg said in a statement.
Watahiki, a former high court judge, had objected to appointing the candidates put forward by Elliott Management and Farallon Capital Management, saying the pair's presence on the board would skew it toward activist investors.
Zomato’s share price came under pressure after the announcement of the Blinkit acquisition. While the deal awaits shareholders’ approvals, MC Pro believes intense competition in the food-delivery ecosystem may increase cash burn and losses. Watch the video to know more.
It’s a prescription for culture wars, political backlash, managerial paralysis and human-resources nightmares. It’s anything but nice
Invesco has moved NCLT against Zee for its failure to hold an EGM to reconstitute board. Experts suggest Zee still has a few days to comply with EGM rules. Invesco responded to Moneycontrol’s query for taking legal action, following is the full response.
Stock markets enable businesses to raise what is called in market parlance as equity capital. At the same time, it provides savers with an alternate avenue to invest their money.
The message from the shareholder community is loud and clear. Do not take us for granted. We will raise questions, and if the answers are not forthcoming, we are prepared to rock the boat
Venkatesan was responding to a query whether the company would prefer to see Murthy, who has been flagging falling corporate governance standards, as shareholder activist or a well-wisher.
As per the new listing criteria, exclusively listed companies of de-recognised stock exchanges or bourses, which are seeking an exit from capital markets would be eligible for listing on the NSE only if their respective paid-up equity capital is at least Rs 10 crore in each three preceding financial years.
Samsung had said in November it plans to nominate at least one new board member with "global C-Suite experience" for this year's shareholder meeting as part of its efforts to improve corporate governance. The company said on Friday its search for nominees are continuing.
National Company Law Appellate Tribunal (NCLAT) today quashed a set of petitions filed by ousted Tata Sons chairman Cyrus Mistry against the shareholder meeting called by the Tata Group holding company on Monday to seek his removal.
Days after National Company Law Tribunal refused relief, ousted Tata Sons chairman Cyrus Mistry today moved the Appellate Tribunal seeking stay on the shareholder meeting of the Tata Group's holding company, called on February 6 to seek his removal.
After selling his stake to an undisclosed shareholder, Paytm founder and CEO Vijay Shekhar Sharma now owns 20.33 percent in One97.
The US activist hedge fund, which owns 0.6 percent of Samsung, called on the South Korean tech giant in October to divide itself into a holding vehicle for ownership purposes and an operating company, as well as pay out 30 trillion won (USD26 billion) in a special dividend.
Earlier this month, SBI had said it would also take fresh approval to raise up to Rs 15,000 crore through various means, including public offer and overseas issuance of shares.
The views come in the wake of independent directors of Tata group's hospitality arm Indian Hotels endorsing the leadership of Cyrus Mistry while expressing their 'unanimous' full confidence in him.
Expressing its views on an application filed by pharma firm Alembic Pharma, the regulator said such re-classification may be allowed by the stock exchanges under listing norms subject to certain compliances.
In an interview to CNBC-TV18, Govind Sharda, President of Nandan Denim spoke about their annual general meeting (AGM) and the shareholder nod that they got to issue 50 lakh convertible warrants to foreign investors at a price of Rs 200 each.
In a filing to the BSE, REC said the company can issue via private placement unsecured/secured non-convertible bonds/ debentures up to Rs 50,000 crore during a period of one year from the date of passing of this resolution.