[ad_1]
The Securities and Exchange Board of India has proposed in a consultation paper that public shareholders should be able to buy shares in the restructured entity at the same price as the resolution applicant.
The regulator’s proposal has been prompted by numerous grievances from public shareholders of listed companies. Currently, the resolution process can result in the company getting delisted or continuing to be listed but with a significant reduction in capital.
This has proved disadvantageous to minority shareholders, the regulator has noted.
[ad_2]
Source link