Public shareholders will now have a say in the sale or disposal of undertaking by a listed company through slump sales, thanks to market regulator SEBI now mandating the “majority of minority” rule for such transactions to sail through in the coming days.
In this context, Manendra Singh, Partner, Economic Laws Practice (ELP) has been quoted in an article, SEBI introduces stricter framework for disposal of undertaking by a listed entity published by The Hindu businessline.
