Budget 2024: Will the government revise taxes on employee stock ownership plans? Here's what experts say

Budget 2024: Will the government revise taxes on employee stock ownership plans? Here's what experts say

Although Union Finance Minister Nirmala Sitharaman will be presenting the Interim Budget ahead of the scheduled Lok Sabha elections in May, startups and experts feel that the government should offer clarity on ESOP taxation to benefit start-up employees. ESOPs (Employee Stock Ownership Plans) are employee incentives that companies use to attract, reward, and retain talent. … Read more

Non-institutional investors of Butterfly Gandhimathi defeat merger proposal

Non-institutional investors of Butterfly Gandhimathi defeat merger proposal

Mumbai: Shareholders of Butterfly Gandhimathi Appliances have rejected the company’s merger proposal with Crompton Greaves Consumer Electricals. In the shareholders’ meeting held on October 28, about 96% of the non-institutional public shareholders voted against the resolutions, even though 63% of institutional investors favoured it. “While the approval to the scheme from the majority in number … Read more

Some investors may oppose ICICI’s bid to delist broking arm

Some investors may oppose ICICI’s bid to delist broking arm

Mumbai: Private lender ICICI Bank‘s proposed bid to delist its broking and investment bank arm might face opposition from a section of the shareholders. While some investors think the conditions to delist ICICI Securities do not favour public shareholders, lawyers are raising questions about the capital markets regulator Securities and Exchange Board of India’s (Sebi) … Read more

Rashmi Saluja on roadmap for Religare over next 3-5 years

Rashmi Saluja on roadmap for Religare over next 3-5 years

“What we started two years back in fact it has got culminated and then after the OTS the strength of all the investors that has come through including Burmans that happened just lately, that 7.1% or 7.2% that they have increased,” says Rashmi Saluja, Executive Chairperson, Religare.Just wanted to understand that the Burman family now … Read more

Yatharth Hospital Rs 687 crore IPO subscribed 36x

Yatharth Hospital Rs 687 crore IPO subscribed 36x

Mumbai: The ₹687-crore initial public offering (IPO) of Yatharth Hospital was subscribed 36 times on Friday – the third and last day of the bidding process. The issue received bids for 59.72 crore shares against the issue size of 1.65 crore shares. The qualified institutional buyers’ portion was subscribed 85 times, while the non-institutional investors’ … Read more

Promoters must disclose family pacts: Sebi

Promoters must disclose family pacts: Sebi

Mumbai: Come July 15, promoters must disclose to exchanges their family settlement agreements or arrangements that have a bearing or influence on management control of listed entities for such deals to remain legal. In its notified rules, the capital market regulator Securities and Exchange Board of India (Sebi) has said that agreements that subsist as … Read more

Furniture Retailer Stanley Lifestyles plans Rs 700-cr IPO

Furniture Retailer Stanley Lifestyles plans Rs 700-cr IPO

Mumbai: Stanley Lifestyles, a Bangalore-based furniture and home decor retailer, is planning an IPO worth ₹600-700 crore, said a person with direct knowledge of the matter. The IPO will be a mix of fresh issue of shares and sale by existing shareholders. The company is in talks with and for the public issue. The funds … Read more

Sebi eases OFS norms for non-promoter investors

Sebi eases OFS norms for non-promoter investors

Mumbai: The Securities and Exchange Board of India (Sebi) has relaxed the offer-for-sale (OFS) norms to allow non-promoter shareholders to sell their shares through this route. Brokers said the move will be beneficial for retail investors. At present, OFS can be used by promoter and non-promoter shareholders subject to certain conditions. Existing norms said non-promoter … Read more

Trump media merger isn’t dead yet after deal gets a lifeline | CNN Business

Trump media merger isn’t dead yet after deal gets a lifeline | CNN Business

New York CNN Business  —  Digital World Acquisition Corp., the blank-check firm seeking to merge with former President Donald Trump’s media venture, announced Friday it will avoid an imminent liquidation. Digital World failed to receive shareholder approval by Thursday’s deadline to extend its merger agreement. However, the shell company said in a Friday filing it … Read more

Minority holder taps Sebi on Hinduja tech company merger

Minority holder taps Sebi on Hinduja tech company merger

In a fresh salvo to the ongoing simmering tension between the minority shareholders of Hinduja Global Solutions (HGS), the listed technology company of the family and the promoters over the technology companies decision to buy Nxt Global, a loss making sister company, also listed, the former have reached out to the stock exchange regulator to … Read more