SC overrules a series of prior rulings which held that pledgee becomes the owner of pledged shares upon invocation.
SC holds that even though pledgee is recorded as beneficial owner upon invocation, pledgee only receives ‘special rights’ and not ‘ownership’ over pledged shares.
The term ‘actual sale’ means sale to a third party…
SEBI floor price prescription in case of fund raises should not automatically dislodge directors’ duty to exercise independent judgment and maximise shareholder value
Target boards to proactively consider appointing an independent banker and running a robust auction process for capital raises…
