Jayshree P Upadhyay
Stories by Jayshree P Upadhyay
India: Foreign investors to seek review of beneficial owner rules after Adani rout
Under Indian law, an ultimate beneficial owner is defined as one which holds 25% of the fund.
India setting up $4b fund to backstop corporate debt market
Asset managers would contribute 10% of the fund.
Indian regulator probes Adani’s links to investors as Modi’s office is briefed
The watchdog is investigating relationships between Adani and at least two Mauritius-based firms.
India’s Adani abandons $2.5b secondary share sale amid stock rout
"Once the market stabilises, we will review our capital market strategy," said the billionaire.
India: Tata Sons mulls acquisition of Shapoorji Pallonji’s stake in parts
Tata Sons is also in talks with external investors, including sovereign and pension funds, to arrange buyers for the Mistry family stake.
Tata group reaches out to wealth funds to buy out Mistry family’s stake
Tata group may offer to purchase the Mistry family’s 18.4% stake in a staggered manner.
Flipkart founders get $21m tax relief from Indian tribunal
Tax officials had alleged the founders received $30m from sale of urbantouch.com.
India’s National Stock Exchange close to getting regulatory nod for IPO
LIC, SBI, IDBI, Norwest Venture Partners and GS Strategic Investments (Mauritius) are keen to sell their stakes.
Poor investor sentiment delays $4.5b worth of Indian IPOs
Thirty-four companies, which have received approvals for IPOs, are yet to tap the stock market.
Indian market regulator plans new public float norms for companies facing insolvency
Under Sebi norms, listed companies need to have at least 25 per cent of minimum public shareholding.
