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JSPL selling subsidiary to promoter family at one-fourth of price: Ingovern


JSPL selling subsidiary to promoter family at one-fourth of price: Ingovern
Mumbai |
Updated on
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Enterprise value of JPL is in the range of ₹10,000-12,000 crore but the promoters want to take control of 96.42% of the company for just ₹3,015 crore
PALAK SHAH
Are the promoters of Jindal Steel and Power (JSPL) attempting to take private control of one of the subsidiaries of the company at one-fourth of its actual price and cause loss to the shareholders?
JSPL has a fully owned subsidiary called Jindal Power (JPL). The JSPL has now sought shareholders nod for the divestment of JPL in favour of Worldone Pvt Ltd, a company owned by the Jindal family. ....

Worldone Pvt Ltd , Jindal Steel , Jindal Power , Adani Power , Letter Agreements , Jindal Steel And Power , ஜிண்டால் எஃகு , ஜிண்டால் பவர் , அதானி பவர் , ஜிண்டால் எஃகு மற்றும் பவர் ,

Premature on promoters - The Hindu BusinessLine


Premature on promoters
SEBI must rethink its rules on promoter group disclosures   -  REUTERS×
It is not time yet for SEBI to relax its vigilance on promoters and their group entities
For long, the Securities Exchange Board of India (SEBI) has framed its regulations around the principle that promoters of companies need to be checked from exercising undue influence over corporate decisions using their disproportionate clout to the detriment of public shareholders. This is why SEBI’s ICDR (Issue of Capital and Disclosure), LODR (Listing Obligations and Disclosure) regulations as well as its Takeover Code and insider trading rules lay elaborate checks on the definition of promoters and promoter groups apart from specific regulatory obligations for these entities. Given this context, it is somewhat surprising that SEBI should float a rather perfunctory discussion paper, which asks if the concept of ‘promoter’ has outlived its usefulness in the Indian context. It a ....

Securities Exchange Board Of India , Securities Exchange Board , Listing Obligations , Takeover Code , Initial Public Offers , Disclosure Norms , Financial Institution , Retail Investors , பத்திரங்கள் பரிமாற்றம் பலகை ஆஃப் இந்தியா , பத்திரங்கள் பரிமாற்றம் பலகை , கையகப்படுத்தல் குறியீடு , ஆரம்ப பொது சலுகைகள் , வெளிப்படுத்தல் நியமங்கள் , நிதி நிறுவனம் , சில்லறை முதலீட்டாளர்கள் ,

Bajaj Electricals fully acquires JV firm Starlite Lighting


Bajaj Electricals fully acquires JV firm Starlite Lighting
SECTIONS
Last Updated: May 01, 2021, 07:00 PM IST
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Synopsis
In consideration of the said relinquishment and transfer of joint Control and Management Rights of SLL by Outgoing Promoters in favour of the company, the company will pay an aggregate control premium of Rs 14.80 crore, plus GST as applicable, to the Outgoing Promoters, subject to the terms and conditions of the said CTA, it said.
Agencies
It has also entered into a share subscription agreement for buying 45 lakh equity shares of SLL at a price of Rs 10 apiece.
Bajaj Electricals on Saturday said it has bought the remaining stakes of ....

Arvind Bharati , Ravindra Bharati , Starlite Lighting Ltd , Lighting Ltd , Management Rights , Outgoing Promoters , Bajaj Electricals , ரவின்ற பாரதி , ஸ்டார்லைட் விளக்குகள் லிமிடெட் , விளக்குகள் லிமிடெட் , மேலாண்மை உரிமைகள் , பஜாஜ் மின்பொருளகம் ,