Page 11 - Shareholders

Jaypee Infratech delisting: Shareholders move NCLAT, seek fair exit price

The shareholders have also requested the NCLAT to pass a direction to the stock exchanges BSE and NSE not to delist the share of Jaypee Infratech till they are adequately compensated

Sharp gains expected for Majesco's Indian shareholders after US sale

Cash per share after transaction at Rs 852 is more than double the current price

Renuka Sugars' shareholders approve raising up to $300 mn from holding firm

The ordinary resolution to this effect was approved by the shareholders at an extra ordinary general meeting, according to a regulatory filing

HDFC plans to seek shareholders' approval to raise Rs 45,000 crore

The board of directors of HDFC Ltd will meet on July 30 to announce the quarterly results for the first quarter ended June of the current fiscal, it said in a regulatory filing.

NSE removes Vedanta from its indices ahead of possible delisting

The stock will be replaced by HDFC Life Insurance Company with effect from July 31. It will be replaced by SBI Cards in the Nifty 100 and Nifty 500 indices

Independent kin can't be recategorised as public shareholders: Sebi

Regulator's informal guidance may have repercussions on several listed companies, say legal experts

Independent kin aren't public shareholders, Sebi tells Mirza International

The view was issued by the market regulator in the form of an 'informal guidance' sought by the shoe manufacturer

Sebi relaxes 25% minimum public shareholding norms, deadline postponed

Experts said Sebi's relaxation would also benefit companies where promoter holding had increased beyond 75 per cent because of open offers or other acquisitions.

Stewardship code aims greater investor, India Inc engagement. Will it work?

Stewardship responsibilities include engaging investee companies on ma­tters ranging from corporate governance and financial performance to capital structure and strategy

Torrent Pharma gets shareholder nod to raise up to Rs 5,000 crore

The approval of the shareholders was sought by way of special resolution through a postal ballot

Biz judgement rule and directors' liability

Directors, including independent directors, are equally liable for omissions and commissions of the company

Sebi to tighten open offer norms, proposes 10% interest in case of delay

The market regulator said for share acquisition, bulk deals more transparent than off-market route

MTNL seeks shareholders' nod to raise funds, monetise land and holdings

The government recently approved a Rs 69,000-crore revival package for BSNL and MTNL that includes merging the two loss-making firms

Stepping forward with delisting reform

A reform proposed by the Sebi offers another chance for a transaction to succeed instead of having a guillotine kill a deal because the price is unacceptably high

India Inc resolutions see greater shareholder scrutiny: PRIME Database

Number of resolutions floated by companies up 5% to 12,219 this year

66 resolutions defeated by shareholders in last three years

Minority shareholders have defeated at least 66 resolutions in the last three years. This has coincided with the new Companies Act and corresponding changes brought in by regulators that have empowered the shareholders. Other convenience measures such as e-voting have also helped. While the number of rejected resolutions was high in 2014 at over 30, it has stabilized around a dozen defeated resolutions, every year, according to numbers collated by proxy advisory firm Institutional Investor Advisory Services (IiAS). "This is largely attributable to recent changes in the governance framework in India which have empowered shareholders by providing them a greater say on critical corporate matters. Regulators are also mandating investors to vote," IiAS said in a report. Further, with the advent of E-Voting, not only has it become easier to vote, but the way voted are counted has also changed to the actual number of shares voted, rather than the show of hands - this results in more ...

Integrated reporting and shareholder value

Integrated reports tell the complete story of value creation holistically in a concise manner