Unlisted Companies

Unlisted companies adding capacity at faster clip than listed peers

The concluding part of the series looks at the financials of unlisted firms and examines capex trends

Interest coverage ratio of unlisted cos at 30-year high, shows data

Uptick in FY24 mirrors similar trend in the listed space. The second of a 3-part series on unlisted firms' financials looks at their debt

Street signs: MSE awakens, struggling Nifty, bourses draw the line

After dropping nearly 5 per cent the previous week, the benchmark National Stock Exchange Nifty consolidated last week, gaining close to 1 per cent

Rupee woes fail to slow rise in India's billion-dollar unlisted firms

Ambani-owned firms, MNC subsidiaries claim top spots

Tata Sons avoids mandatory listing after repaying Rs 20,000 crore debt

Tata Sons, the holding company of the Tata Group, has voluntarily surrendered its certificate of registration to the Reserve Bank of India (RBI)

Not so listless: The market in shares of unlisted companies is buzzing

And contrary to what you might think, it is all kosher

NSE bonus issue: How to buy and sell unlisted shares?

Just like the normal equity markets, investors can buy and sell shares of unlisted companies through select online platforms or well-known wealth managers/ brokers.

Expecting direct listing of cos in GIFT City by April 2024: IFSCA chief

The industry players say that the new avenue will help startups and unlisted companies access global capital

Sebi looks to introduce disclosure requirements for unlisted companies

Capital markets regulator Sebi is looking to introduce disclosure requirements for unlisted companies, which are part of a business conglomerate. While listed entities are subject to comprehensive disclosure requirements, the same levels of disclosure requirements are not applicable for unlisted companies. "There is a need to identify, monitor and manage risks introduced into the securities market ecosystem by unlisted companies in a conglomerate with a complex set of listed and unlisted associates," Sebi said in its annual report for 2022-23. Also, the regulator plans to facilitate transparency around the conglomerate by enhancing the group-level reporting of transactions. "Disclosure of details of cross-holding and material financial transactions within the conglomerate are also some of the matters that Sebi would examine to be disclosed on an annual basis," the annual report noted. The country's top business conglomerates include Tata Group, Reliance Industries, Adani Group, Ad

BS 1000: From SII to JCB India, here're top 30 unlisted companies in India

The top 30 list has four pharmaceutical and health care companies - unsurprising, since the Covid-19 pandemic sent the demand for health care products and services soaring

Govt mulls modified valuation norms for taxing foreign investments in cos

The Income Tax Department is likely to come out with modified valuation rules under the I-T Act for ascertaining the fair market value (FMV) of shares of unlisted companies for the purpose of levying tax on non-resident investments, an official said. The Finance Bill, 2023 has proposed amending Section 56(2)(viib) of the I-T Act, thereby bringing overseas investment in unlisted closely held companies, excepting DPIIT-recognised startups, under the tax net. The official said that amendments are needed as I-T Act and FEMA provide different methodologies for calculating the FMV of shares of unlisted companies. "Rule 11UA of I-T rules will be re-prescribed taking into account the concerns expressed by stakeholders to harmonise it with the FEMA regulations," the official told PTI. Rule 11UA deals with determination of FMV of assets, other than immovable property. Under the existing norms, only investments by domestic investors or residents in closely held companies were taxed over and

Big enterprises are better employers

Average wages paid by listed companies is more than twice the salaries paid by other enterprises

Serum Institute, Byju's top Burgundy-Hurun unlisted companies list

The Pune-based vaccine producer's value has increased 20 per cent to Rs 2.2 trillion in the past one year

Withdrawal of start-up IPOs take wind out of sails of unlisted market

Share prices, trading activity slump amid rising uncertainty for startup listings

Blockchain startup Newrl eyes 10% tokenisation market share by 2023

A public blockchain for decentralised finance, Newrl has developed tokenisation-based equity solutions for unlisted companies offering ESOPs

Over 80 firms including China's JD.com face delisting risk from US

The SEC on Wednesday expanded the list, consisting of US-listed Chinese entities, on a provisional lineup under a 2020 law known as The Holding Foreign Companies Accountable Act.

From Coca-Cola to Apple Inc, here are India's best unlisted companies

In all, 18 out of the best 30 unlisted companies in the 2021 league table are local subsidiaries of global multinationals.

When less is more

As investors sit outside the board room looking in, they do not really know which of the directors has been constructive or how much each individual director has contributed

NSE shares stable despite Yogi row, stay at Rs 3,400-3,600 past one week

Shares of most unlisted stocks have corrected in-line with the fall in the secondary market. However, a few companies seem to have been spared.

Boom time for companies: What record profits may mean for govt's revenue

If much higher profits this year do not propel corporation tax revenue to a level higher than the FY19 peak, something must be wrong with corporation tax, writes T N Ninan