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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.
After becoming minority shareholders in March, the promoters are encashing leftover assets and continue transferring cash to related parties. No one seems bothered.
On 3 November, a public notice announced the sale of two premises alongwith with 25 car parking spaces in a flashy office building in Andheri, Mumbai. The notice was soliciting any objections to the sale of the premises, which belong to Eros International.
The sale announcement comes just 10 days after the Securities and Exchange Board of India issued its confirmatory order reiterating several strictures it passed on Eros’s promoter Sunil Lulla and key executive Pradeep Dwivedi. The latest order came after an appeal against SEBI’s ex-parte interim order issued in June was dismissed by the Securities Appellate Tribunal in …
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.
