India's merger and acquisition rules are all set for a makeover, with a panel set up by the market regulator virtually rewriting the Takeover Code. The new rules, experts said, were likely to make M&As expensive, while offering better terms to minority shareholders.
Sebi's go-to consultant for legal issues works a 16-hour day but yearns to play with his two-year-old grandson.
Non-uniform definition of control makes foreign investors wary, raise corporate governance issues.
For deals to be investor-friendly in India, review of merger and acquisition law is a prerequisite.
The Securities and Exchange Board of India, in a consent order dated June 28, has settled charges of takeover norms violation by the Tinplate Company of India Ltd after it paid Rs 228,000.
Sebi to fix promoters' side deals with PE investors
DRs have shares as an underlying asset and are typically issued by a bank, known as the depository bank, on behalf of a company.
Strengthening of rules governing insider trading is among the key proposals in the agenda set by Sebi for 2018-19, along with making improvement to the Prohibition of Insider Trading Regulations (PIT) and Prohibition of Fraudulent and Unfair Trade Practices regulations.
In its efforts to make listed firms more responsible towards investors, Sebi may announce new insider trading norms as early as next week.