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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.
Two important events from last week fit perfectly into Friction’s universe of corporate governance.
On Wednesday, the Securities and Exchange Board of India issued a discussion paper (surprisingly low on details) to review “ownership and governance” of stock exchanges and depositories.
On Saturday, Anil Agarwal-helmed Vedanta Ltd announced an open offer by its parent to acquire a 10% stake from public shareholders at a discount of 12% to the stock’s prevailing market price. Clearly, despite last year’s drama of a failed delisting and minority investors crying foul, nothing can deter the company from its chosen path of acquiring its shares …
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 month on, CAS has only amplified volatility, manipulation and confusion rather than containing them.
