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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.
US investor Digvijay Gaekwad is accused of attempting to mislead shareholders of the financial services company, acting in cahoots with its management.
The Burman family, promoters of Dabur India, on Sunday released an emailed statement accusing US investor Digvijay L. Gaekwad of attempting to mislead shareholders on his open offer for shares of Religare Enterprises. The statement says that Gaekwad has not made a competing open offer, but has just sought SEBI’s permission to do so.
The Burman family had, in October 2023, made an open offer to acquire 90,042,541 equity shares of Religare Enterprises from public shareholders at a price of Rs 235 per share. In response to that, Gaekwad, on 24 January, had initially proposed an open offer for 26% …
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.
