SR SHAREHOLDING RULES
NCLT clears Hotel Horizon resolution; NCLAT bars equity creation for now
The National Company Law Tribunal has approved the acquisition of Hotel Horizon by a consortium including Oberoi Realty. This follows the company's admission of liabilities. The successful bidder's plan offers a significant recovery for lenders. However, the NCLT order has been challenged at the NCLAT, which has put a stay on further actions pending its final ruling.
Long term investing in small caps: 5 stocks from niche areas & having experience of dealing with competition
What is the best and worst part of investing in small caps? If one gets the right stock, returns are very high. The worst, it is not easy to find a small cap stock and the risk of going wrong is higher. So, why not look for companies which have seen and beaten competition and are on stronger footing than the majority. An FMCG company, which operates in extremely niche and small markets but no competitor has been able to beat it for the last three decades. A crockery maker which makes tableware and has been able to beat the best of the competition which comes from China made products. What happens is that while they are small, but they are doing good for a long period of time, their cash positions become strong and that is the key to small cap investing.
Operating in niche areas and having gone through many business cycles: 5 smallcap stocks for long term investors
An FMCG company, which operates in extremely niche and small markets but no competitor has been able to beat it for the last three decades. A crockery maker which makes tableware and has been able to beat the best of the competition which comes from China made products. There are some businesses, which are small in size, but they are dominated by one or max two players which have perfected the business so well that even the best of the competition which can be in form of imports or a large player entering into that segment cannot do any harm. What happens is that while they are small, but they are doing good for a long period of time, their cash positions become strong. When looking at small caps just check if that company has some advantage, it could be product, brand, niche segment and it meets certain financial criteria than buy them and ride the rally over the long term.
Multibagger Tracker! This footwear stock turns Rs 10,000 to Rs 1.2 lakh in just 10 years
In the recent past, the stock rally faded away to an extent and returned 13% to investors in the last six months. The past three months saw the shares rising by 9%.
Tata's multibagger! This consumer discretionary firm turns Rs 10,000 to Rs 1.4 lakh in just 10 years
In the last five years, Titan's stock has more than tripled investors' wealth. While the growth has moderated (30%) in the last one year, it still beat the benchmark Nifty, which gained about 7% in the same period.
Most companies stick with auditor after 5-year term
The Companies Act 2013 says that a firm of auditors cannot be appointed as auditors for more than two terms of five years, according to rules that went into force in 2017. When an auditor's five-year terms are up, the firm can't be re-hired for another five years.
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India Inc raises concerns over a few of the related party transaction norms
India Inc is concerned over some of the new related party transaction (RPT) norms prescribed by the Securities and Exchange Board of India (Sebi) for listed companies which will come into effect from April this year, and has made representations through industry bodies like the Confederation of Indian Industry (CII) and Federation of Indian Chambers of Commerce and Industry (FICCI) to amend these provisions.
No SVR share ownership through trusts for now
The Securities and Exchange Board of India (Sebi) has turned down a demand by several startups to allow founders to hold superior voting rights (SVR) shares through trusts, said people with knowledge of the matter. Currently, full-time executives of a company are only allowed to own SVR shares directly. Several companies lobbied Sebi to allow ownership through trusts since this is beneficial from a tax point of view.
Sebi eases eligibility criteria related to superior voting rights shares
The regulator said while determining the individual net worth of the SR shareholder, his investment/ shareholding in other listed companies shall be considered, but not that of his shareholding in the issuer company.
Amazon, Reliance and the fight for Future
We look back at one of the most momentous battles in the history of Indian business.
Insurers vs Aggregators
In today’s ETtech Morning Dispatch: Unacademy raises $440 million at $3.4 billion valuation to fuel its diversification plans, IndiaTech asks Sebi to tweak rules on SR shares, and Zomato rolls out an incentive scheme for delivery partners.
IndiaTech proposes key changes in SR shareholding rules to Sebi
The conversation around shares with superior voting rights, or SR shares, is happening at a time when several Indian startups —from Paytm to Policybazaar—are looking to tap the public markets via IPOs.
Sebi proposal may bolster IPO-bound founders’ rights
The proposals have the potential to help founders dilute stakes without losing control, make tax structures more efficient and help in succession planning.
Sebi proposal may bolster IPO-bound founders' rights
Move may help founders dilute stakes without losing control, make tax system more efficient
Sebi proposes key changes to superior voting rights shares
Under Sebi rules, the definition of promoter and promoter group is very broad and can include a large set of relatives and entities. Investments and net-worths of such relatives and entities would also be considered for determining the collective net worth.
Sebi notifies relaxed rules for listing start-ups
The changes have been made to the framework for listing on the Innovators Growth Platform (IGP), according to two separate notifications issued on Wednesday.
Hexaware Technologies to offer Rs 475 per share for delisting
The bid process for the delisting offer - where the promoters were offering a floor price of Rs 264.97 per share - had started on September 9 and closed on September 16.
GAAR ambiguity clouds corporate revamp
Ambiguity looms large over the transactions by way of GAAR.
Why is everyone talking about ESG mutual funds these days?
Both Quantum ESG Equity Fund and SBI Magnum Equity ESG Fund have outperformed the Nifty 100 ESG Index in the past one year and six months.
Rapido enters fast lane with ₹ 390 crore
Firm’s post-money valuation soars to ₹1,000 cr after latest round led by Westbridge Capital.
Rungtas accused of excessive mine holdings by Common Cause
The allegation was made through written submissions to a committee of two former Supreme Court judges--GS Singhvi and Anil Dave--tasked with investigating 16 cases of illegal mining in Odisha.
$1 billion bet: GSK Pharma a short-term sell, long-term buy, say experts
The stock is at rich valuations despite low sales and profit growth. The open offer by its parent firm is attractively priced, say experts.
RBI hopes to ringfence new banks from promoter groups
The new rules say that at least 50% of the directors of the holding company should be independent directors.
Bharti Airtel has strong support at Rs 290 level: analysts
The stock posted its biggest percentage fall since April 24 on a report that the Enforcement Directorate is probing a money laundering case against the company.
Reliance Industries slips below Rs 700 hit by gas estimates
RIL slipped below its psychological level of Rs 700 after the oil and gas major reduced its estimates for proven gas reserves from its KG-D6 block.
2G spectrum scam: ICICI manager tells CBI about ADAG's links with Swan Telecom
In its chargesheet on 2G scam, CBI has alleged that there was a clear violation of cross-holding rules governing telecom sector and grant of licence.
Govt likely to allow 100% FDI in ARCs
The government may allow higher foreign investment in asset reconstruction companies that buy distressed loans of banks and make money by recovering them.
Court defers Raju case till January 19
SEBI failed to make any headway in interrogating the disgraced founder of Satyam Ramalinga Raju on the Rs 7K cr scam.
Abu Dhabi govt to buy 7.5% in Carlyle for $1.4 bn
Carlyle follows New York-based Blackstone, which sold a $3 billion stake to China’s state-owned investment company in May. A month later the New York-based firm sold shares in an IPO valu-ing it at $33.5 billion.
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