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.
The decision is subject to shareholders' approval through special resolution, it said.
Axis Bank has sought approval of shareholders to raise Rs 35,000 crore through multiple instruments including green bonds and from overseas markets.
In a development that could mean trouble for Indian startups, Nikesh Arora, President and COO of leading Japanese Internet company SoftBank, has stepped down following shareholder attacks against him.
"The whole (management board) team -- with the backing of this supervisory board -- want to put Deutsche Bank back on the road to growth," chief executive John Cryan told his first shareholder meeting since taking up his position last July.
The company‘s Managing Director, R Vasudevan, told CNBC-TV18 that Tamla Chemical, owned by Vallabh Bhansali, bought 1.17 crore shares in the company.
Currently, there is no provision for exemptions under the Takeover Regulations in case of increase in the voting rights of a shareholder due to the expiry of call notice period and forfeiture of partly paid-up shares.
Canara Bank had passed a special resolution by shareholder at its EGM on April 30 for issue and allotment of 4 crore equity shares to Life Insurance Corporation of India (LIC).
Shareholders also approved hiking the shareholding limit for foreign institutional investors (FIIs)/RFPIs from 40 percent up to an aggregate limit of 49 percent of the paid up share capital of the company, it added.
Having run into troubles with institutional investors over its Gujarat plant transfer to parent Suzuki, car maker Maruti now wants to seek approval of minority shareholders after a proposed relaxation comes into effect in the Companies Act.
Voting cap means both Kotak and ING need more public support than they would have for this deal to go through. The deal is done under the Banking Regulation Act and not the Companies Act.
Top fund managers investing in Maruti recently made their displeasure to the company known after the decision to let Suzuki set up a Gujarat plant. Are fund managers taking their roles as guardians of minority shareholders more seriously?
Here is a summary of SEBI‘s corporate governance norms vis-Ã -vis the Companies Act 2013.