MINORITY SHAREHOLDERS

Rashmi Saluja and the other directors have been saying that the Burmans are not fit and proper, but they have not furnished any documentary evidence and this is made out even in the SEBI order. All these are frustrating, not just for the company, th...

Dish TV shareholders rejected the appointment of Mukesh Chand and Manish Khandelwal as independent directors but approved the appointment of CEO Manoj Dobhal as a whole-time director. Chand and Khandelwal vacated their positions, leading to the imme...

In an administrative warning issued on Thursday, SEBI directed ICICI Bank to thoroughly examine the complaints received directly or through the SCORES portal for any violations of the guidelines of the outreach program by officials of the bank and t...

Despite the bank's claim that their outreach program was solely educational and aimed at maximising shareholder participation, SEBI found evidence to the contrary. Investor complaints reveal that some bank officials exceeded their mandate by making ...

"The structure will enable ITC Hotels to operate with an optimal capital structure with the ability to access capital to fund its growth requirements.

The National Company Law Tribunal (NCLT) has granted permission to the Atul Kirloskar faction of Kirloskar Industries Ltd (KIL) to sell its shareholding in Kirloskar Brothers Ltd (KBL), amid an ongoing family dispute. The tribunal ruled that shares ...

The shareholders' counsel, in a submission before the National Company Law Appellate Tribunal (NCLAT), on Tuesday argued that the price offered by Bharti Telecom to shareholders for buying back their shares at ₹196 per equity share was significantly...

Sixteen domestic mutual funds, including Kotak and LIC, supported ICICI Bank's proposal to delist ICICI Securities, despite concerns raised by some shareholders. This led to a class-action lawsuit by retail investors and support from ICICI Prudentia...

The price range of the block is fixed at Rs 1,289-1,357, taking the total deal value to around Rs 2,637 crore.

The case pertains to ICICI Securities' announcement last year, which allowed delisting and merger with ICICI Bank, with 67 shares of ICICI Bank being offered for every 100 shares of ICICI Securities.

"The RMs would have been asked by some senior management personnel of the bank to woo the subsidiary's shareholders to vote in favour of the delisting proposal," said a person familiar with the regulator's thinking. "Sebi is looking into the allegat...

Jindal Poly Films Ltd challenges the validity of a class action suit initiated by minority shareholders before the National Company Law Tribunal, arguing it falls outside the scope of Section 245 of the Companies Act, 2013. The suit alleges losses f...

NSE has to share the valuation report with Sebi and the company. Within two weeks of receiving the valuation report, Linde should place it before the audit committee and board of directors, the regulator said in an interim order.

Gupta has confirmed filing the suit under Section 245 of the Companies Act, stating that more than 100 investors have already consented to take legal action to halt the delisting process. He mentioned that more investors are joining each day to supp...

Manu Rishi Guptha and minority shareholders have challenged ICICI Bank's delisting bid for ICICI Securities at NCLT. Shareholders had approved merger with ICICI Bank but Quantum MF has is also considering legal action against the bank. ICICI Securit...

The private lender's scheme of arrangement to delist ICICI Securities received approval from the subsidiary's public shareholders in a voting process last month.

In the voting process that ended on March 27, investors holding 71.89% of the lender's shares favoured the proposal, while those owning 28.11% voted against it, paving the way for ICICI Securities' delisting from the bourses. Shareholders of the bro...

72% of shareholder votes favored the ICICI Securities-ICICI Bank merger. Concerns raised over alleged coercion of minority shareholders by ICICI Bank, prompting potential regulatory scrutiny on the voting process.

Shareholders of ICICI Securities claimed on social media that the bank's executives contacted them directly, asking them to vote in favour of the resolution that proposes to delist the broking subsidiary. Lawyers and market participants said such al...