Sebi approves new norms for re-classification of promoters
To bolster corporate governance at listed companies, Sebi on Tuesday cleared a new set of norms for re-classification of promoters, whereby an outgoing promoter would have to forego control and all special rights and dilute stake to 10 percent to become a public investor.
Jun 23, 2015, 20:32 PM IST
Sebi to launch consultation for promoter re-classification
The new norms can have a significant impact on the way some merger and acquisition deals are structured.
Nov 30, 2014, 15:19 PM IST
