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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The SEBI chairperson seems to have been economical with the truth in her responses to the Hindenburg allegations on conflicts of interest, especially to do with her Blackstone ties.
If Securities and Exchange Board of India chairperson Madhabi Puri-Buch thought the statements released by her and the regulator were enough to address the conflict of interest allegations levelled by short seller Hindenburg Research last Saturday, she couldn’t be more wrong.
What could prove far more problematic for Puri-Buch than her name appearing alongside an entity (a fund with Adani group links) she is overseeing the investigation of—which we wrote about in a previous story—is her close connection with American private equity major Blackstone.
“Blackstone is heavily invested in India. It is the promoter of many companies in India. …
Thinly traded listed entities have long served as breeding grounds for stock manipulation, hurting investors. The regulator, the NSE and BSE now want to fix things by focusing on efficient delisting.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
A Rs 10,440 crore share swap with listed Shalimar Paints could give the building materials startup a public market presence without a traditional IPO. But the novel route leaves investors grappling with dilution, valuation and governance concerns.
