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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 markets have rewarded investors for resisting recent attempts by promoters to go private, but they do expose the downside of SEBI’s pricing mechanism for buyback offers.
Last Saturday, Adani Power notified stock exchanges of its intention to withdraw its application to delist from the stock markets.
Its shareholders had approved the move to delist back in June 2020. The company submitted its application to the exchanges for their approval in January 2021. But the exchanges did not give the company the go-ahead to voluntarily delist. Adani Power cites this (and the delay) as a reason for withdrawing its application.
Adani Power had mooted the decision to delist in May 2020, when its shares had plunged, in line with the broader market that had fallen sharply since …
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.
