SEBI has approved measures to make mergers and acquisitions of listed companies easier and allow the establishment of gold and social stock exchanges in the country. It also cleared proposals to tighten related party transactions, launch silver exchange-traded funds (ETFs) and relax rules on superior voting rights (SVRs) for promoters of new-age tech companies, to encourage Indian start-ups to list locally.
Against this backdrop, ELP’s Manendra Singh, Associate Partner, has been quoted by Economic Times in their article titled ‘ SEBI board to discuss M&A norms, gold exchanges’. Manendra comments on the net worth limit of SVR shareholder as an individual.
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