The Viewpoint: Deft Dissent – Exit Option to Dissenting Shareholders

Promoters of Indian listed companies have generally been viewed with a jaundiced eye, if and when a material decision is taken at their behest, with respect to their company.

The recent notification of provisions in relation to dissenting shareholders, by way of insertion of chapter VI-A in the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 appear to further and, in a way, institutionalize this perception.

These provisions require the promoters or persons in control of the listed company . . .

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