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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.
With the NCLT apprised of the market regulator’s adverse findings about an Essel Group company, there is a possibility of the mega entertainment deal coming unstuck.
Last Thursday, when the National Company Law Tribunal convened in Mumbai to consider the merger of Zee Entertainment Enterprises Ltd with Sony Pictures Networks India, nothing seemed amiss; it was just another hearing to deal with the nitty-gritty of the two entertainment companies coming together.
Until the counsel representing stock exchanges NSE and BSE sought permission to make a submission. They wanted the court to take on record the interim order and show-cause issued by the Securities and Exchange Board of India, on 25 April, against one of Zee’s promoters in the matter of the Shirpur Gold Refinery fund …
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.
