DIFFERENTIAL VOTING RIGHTS
Big Tech wants to build more AI data centres across America. Why local communities are pushing back against the costs of the AI revolution
Cities across America are imposing temporary moratoriums on data centre approvals to address infrastructural concerns. Local governments are assessing the impacts of these projects on electricity, water, and public resources. Environmental lawsuits are complicating the development of AI infrastructure further, leading to delays and increased costs. Some technology companies are moving towards greater transparency with local communities for better engagement.
ETMarkets Smart Talk| F&O STT, UPI charges and trading costs: Sandeep Neema on the hidden drag on retail returns
In this segment of ETMarkets Smart Talk, we speak with Sandeep Neema, Director and Fund Manager at PL Asset Management, about the real risks facing retail investors, the hidden cost of excessive trading, and why he believes the market is increasingly rewarding discipline over churn.
These large- and mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos have upside potential of up to 25%, according to analysts
Talk of tariffs, especially steep ones, makes the market nervous. Which is exactly why the next few trading sessions are critical, and why being in a hurry to take any market-related decision is the one thing to avoid right now. It is better to be cautious, to wait and watch. And let the picture become a little clearer before you act.
India Inc’s Promoter Raj has run its course. Time to rewrite the succession script
Corporate India faces numerous high-profile CEO departures, testing established succession plans. The traditional promoter system, a colonial construct, now hinders progress and good governance. This outdated model, which segregates control from ownership, needs thorough reevaluation. Competence, not lineage, should now be the sole criterion for leadership roles. India possesses a vast pool of talented technocrats ready to lead businesses effectively.
When reasons defy reality! How DVRs, hold cos create opportunities for you
In the last six years, if one looks at the discount that some of the DVR shares are enjoying, there has seen a sharp surge to as high as 60 per cent plus from the lows of 20 per cent plus without any rationale.
Govt relaxes norms for shares with differential voting rights; to boost startups
Companies can now have up to 74% Differential Voting Rights (DVR) shares of the total post issue paid up share capital.
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New rules to make DVRs attractive for unlisted companies
Sources said MCA may revisit some other rules related to Companies Act.
Startups cheer differential voting rights
Sebi nod will allow founders to have more control over their ventures even after diluting a significant portion of their holdings.
DVR: An instrument whose time hasn’t come
Differential voting rights are essentially certain shareholders having different number of votes.
IndiaTech proposes extending sunset clause in differential voting rights
The advocacy group has also recommended exempting tech founders from complying with the minimum promoters’ contribution requirement, set at 20% of post-issue capital.
Sebi issues consultation paper on differential voting rights
The paper has been issued pursuant to a report submitted by a Sebi-constituted group on Differential Voting Rights (DVR).
Startup promoters to get superior voting rights?
This could be done by differential voting rights (DVRs) of shares, which is what allows Mark Zuckerberg till today to control Facebook.
ET view: Differential voting rights ahoy!
Right now, India allows just one class of shares, in which every equity share gives its owner one vote in deciding the company’s moves.
Asia Index changes methodology for BSE indices
According to the new methodology, Differential Voting Rights Share will be eligible for index inclusion and DVR's must individually satisfy all other required criteria.
Learn with ETMarkets: Differential voting rights
Shares with differential voting rights imply shares that give the holder different voting rights compared to someone who owns ordi nary shares of a company.
Price discounts, higher dividends make DVRs an attractive buy
DVR shares are like ordinary shares, but carry less or limited voting rights. They are listed and traded on stock exchanges just like ordinary shares.
DVR shares of Tata Motors, Jain Irrigation spurt up to 17% on new BSE norms
Jain Irrigation Systems was trading 14 per cent higher at Rs 54.05, and Future Retail DVR was up 9.8 per cent to Rs 60.
BSE sets new norms for differential voting rights shares
Premier stock exchange BSE today announced new norms for considering DVR shares in the indices, including Sensex and BSE 100.
Banks may issue equity with differential voting rights: SBI
The government yesterday allowed PSBs to raise up to Rs 1.60 lakh crore from markets by diluting government holding to 52 per cent in phases so as to meet Basel III norms.
Sensex, Nifty likely to feature shares with DVRs
The index committees of the top bourses are holding discussions with relevant market participants before arriving at a decision.
Tata Motors DVRs soar 14% on gain forecast
DVRs quoting at 43% discount to normal share price, say Morgan Stanley and Merrill Lynch.
Investor snub makes DVRs issued by Tata Motors, Pantaloon Retail and Gujarat NRE Coke a losing proposition
There have not been many takers for these securities as the holders enjoy fewer voting rights than ordinary shareholders.
Investing in DVRs: Appetite for such shares is low in India, says Nikhil Vora, IDFC Securities
In an interview with ET Now, Nikhil Vora, MD, IDFC Securities shares his views about DVRs as a space and DVR as a separate instrument to raise capital. Excerpts:
Jain Irrigation: Exit rush hits differential voting rights
The discount at which the DVRs are quoting in relation to the shares widened significantly from 18% on the day of listing (November 30) to 56% on Thursday.
Tata Sons offloads over 2pc of Tata Motors DVRs for 157 cr
Tata Group holding company Tata Sons has sold part of its differential voting right, or DVR, holding in Tata Motors in the open market.
Tata Steel plans to raise up to $1 bn via GDR
Tata Steel is all set to raise up to $1 bn by issuing Global Depository Receipt (GDR), it could be launched today if market is conducive, sources with direct knowledge said.
Investors lap up Pantaloon’s DVR shares
The recent rise in activity in Tata Motors’ differential voting rights (DVR) shares in the past few months appears to have had a rub-off effect on Pantaloon Retail, the only other stock with DVRs on domestic stock exchanges.
Will differential voting rights work in India?
There is an international body of literature that has rigorously investigated this which could provide the guiding light for India.
Uneven voting rights of foreigners may go
Govt plans to impose a one-share, one-vote regime in industries where foreign ownership is restricted.
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