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Minority Shareholders

Blackstone emerges as top bidder for minority stake in Haldiram Snacks deal

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

Blackstone emerges as top bidder for minority stake in Haldiram Snacks deal
Updated On : 16 Dec 2024 | 5:55 PM IST

Minority affairs ministry gives presentation on Waqf bill, oppn MPs protest

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

Minority affairs ministry gives presentation on Waqf bill, oppn MPs protest
Updated On : 21 Oct 2024 | 9:41 PM IST

Raymond reiterates commitment to protect interests of minority shareholders

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

Raymond reiterates commitment to protect interests of minority shareholders
Updated On : 01 Dec 2023 | 1:14 PM IST

Institutional shareholder dissent in Nifty-50 firms drops by 30% this year

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

Institutional shareholder dissent in Nifty-50 firms drops by 30% this year
Updated On : 01 Nov 2023 | 12:06 PM IST

Minority shareholders defeat 9 resolutions by 5 firms in last 10 days

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

Minority shareholders defeat 9 resolutions by 5 firms in last 10 days
Updated On : 02 Oct 2023 | 10:55 PM IST

Dish TV minority shareholders seek EGM, removal of 2 independent directors

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

Dish TV minority shareholders seek EGM, removal of 2 independent directors
Updated On : 16 May 2023 | 4:53 PM IST

Most ethnic minority groups in UK save less into pensions, shows study

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

Most ethnic minority groups in UK save less into pensions, shows study
Updated On : 01 Apr 2023 | 12:42 PM IST

Deal activity has spiked in India despite global issues: Goldman Sachs MDs

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

Deal activity has spiked in India despite global issues: Goldman Sachs MDs
Updated On : 14 Nov 2022 | 12:33 PM IST

Sebi approves new option for appointment, removal of independent directors

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 --

Sebi approves new option for appointment, removal of independent directors
Updated On : 30 Sep 2022 | 8:01 PM IST

Trell in final stages of selling stake in AppsForBharat in $8-9 mn deal

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

Trell in final stages of selling stake in AppsForBharat in $8-9 mn deal
Updated On : 04 Apr 2022 | 8:43 PM IST
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What govt U-Turn on IRCTC means for minority shareholders in other PSUs

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?

What govt U-Turn on IRCTC means for minority shareholders in other PSUs
Updated On : 05 Nov 2021 | 8:15 AM IST

Goldman Sachs buys stake in contract research firm Aragen Life Sciences

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

Goldman Sachs buys stake in contract research firm Aragen Life Sciences
Updated On : 19 May 2021 | 11:30 PM IST

Tata-Mistry spat: What it means for minority and small shareholders

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

Tata-Mistry spat: What it means for minority and small shareholders
Updated On : 02 Apr 2021 | 6:10 AM IST

Minority shareholding shuffle seen at CG Power; Blue Diamond picks 7% stake

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

Minority shareholding shuffle seen at CG Power; Blue Diamond picks 7% stake
Updated On : 18 Aug 2020 | 10:28 PM IST

Tata-Mistry dispute will test the rights of minority shareholders: Lawyers

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

Tata-Mistry dispute will test the rights of minority shareholders: Lawyers
Updated On : 31 May 2020 | 9:34 PM IST

10% shareholding cap: Tata-Mistry battle put spotlight on rule

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

10% shareholding cap: Tata-Mistry battle put spotlight on rule
Updated On : 24 Apr 2017 | 1:00 AM IST

The unlucky few

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

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Updated On : 01 Oct 2016 | 10:51 PM IST