White-01

Webinar

SEBI’s new disclosure obligations - Analyzing impact on dealmaking and director liabilities

Wednesday, November 30, 2022

4 pm IST | 6.30 pm SGT | 10.30 am GMT

Public M&A - Dealmaking and Director Liabilities

SEBI has underscored its focus on a time-bound disclosures-based regime in its latest consultation paper (released here on November 12, 2022). The changes are poised to impact deal-making in public M&A. In particular, SEBI wants market rumours and media leaks to be mandatorily clarified by the top 250 listed companies; this could have widespread implications on price certainty and deal certainty, as highlighted in our previous article here.
Other changes include introducing certain objective parameters for determining what is a ‘material event’ which warrants disclosure, disclosure of events emanating from outside the listco, mandatory disclosure of regulatory notices, reducing the 24 hrs timeline for disclosures to 12 hrs, disclosure of cyber security breaches, etc. Some of these changes may result in a negative market impact even if there is no real impact on the business.
Please join us as we discuss this development in our webinar in a two-part series: the first at 4 pm IST on November 30, 2022 where we discuss SEBI’s proposals and the implications, and the second after SEBI responds to public comments and implements its proposals (to be announced after SEBI publishes its amendments).

Key agenda

  • Market rumours and media leaks to be mandatorily clarified – what does it mean for dealmaking?
  • Redefining standards for disclosures of ‘material events’
  • Disclosure of credit ratings even when withdrawn / not requested by the listcos
  • Boardroom considerations – enhanced director liabilities?
White-01

Webinar

SEBI’s new disclosure obligations - Analyzing impact on dealmaking and director liabilities

Wednesday, November 30, 2022

4 pm IST | 6.30 pm SGT | 10.30 am GMT

Speakers

Dr. Umakanth Varottil

Associate Professor

National University of Singapore

Dr. Umakanth Varottil is an Associate Professor at the Faculty of Law, National University of Singapore. He specializes in corporate law and governance, mergers and acquisitions and corporate finance. While his work is generally comparative in nature, his specific focus is on India and Singapore. He has co-authored or co-edited five books, published articles in international journals and founded the IndiaCorpLaw Blog. He has also taught on a visiting basis at law schools in Australia, India, Italy, New Zealand and the United States.


Dr. Umakanth is an editor of the Oxford Business Law Blog, Indian Law Review, Asian Journal of Comparative Law and Singapore Journal of Legal Studies. He is also a Research Member of the European Corporate Governance Institute. Prior to his foray into academia, Umakanth was a partner at a pre-eminent law firm in India. During that time, he was also ranked as a leading corporate/mergers & acquisitions lawyer in India by the Chambers Global Guide.

Hetal Dalal

President and COO

Institutional Investor Advisory Services

Hetal Dalal is the President & Chief Operating Officer of Institutional Investor Advisory Services India Limited (IiAS), a SEBI-registered India-based proxy advisory firm. She is responsible for overall business execution, which includes voting recommendations published annually by IiAS on almost 700 listed companies that aggregate about 95% of the total market capitalization on Indian exchanges. Hetal has also led IiAS’ efforts in working with IFC and BSE to develop the Indian Corporate Governance Scorecard.


Prior to joining IiAS, Hetal Dalal was Director, Ratings Business Development at CRISIL Limited. She held leadership roles across several business verticals during her stint at CRISIL. Her experience spans analytics, operations, and business development. Hetal holds an MMS (Finance) degree from NMIMS and is a Chartered Accountant. 

Amudavalli Kannan

Co - Lead, Public M&A

Resolüt Partners

Amudavalli has advised various international funds and corporate houses in their cross-border and domestic investment activities, as well as provided them legal and regulatory advice.

She focuses on private and public equity investments, M&A, tender offers, structured finance transactions, corporate governance issues, and advises listed companies on queries / notices from regulators. She has undertaken policy advocacy initiatives by regularly providing recommendations to SEBI on their existing / proposed regulations. Prior to joining Resolut Partners, Amudavalli was a senior member of the Corporate Transactions team at Nishith Desai Associates, focussing on public M&A transactions….read more

Shreyas Bhushan

Partner

Resolüt Partners

Shreyas’ practice entails advising on cross-border PE, M&A and Structured Finance transactions from a legal, strategic and tax perspective. Shreyas also leads the public M&A and corporate governance practice at the firm, and has represented leading global funds and corporate houses on a broad range of matters such as PIPE deals, tender offers, take privates, business acquisitions, activist shareholder efforts and corporate governance issues.

 

Shreyas actively provides pro-bono legal services to start-ups and helps entrepreneurs in understanding the legal and commercial landscape of deal-making. He also leads policy advocacy initiatives through industry associations from the perspective of private equity investors, and regularly submits recommendations to SEBI and RBI on the workability of existing and proposed legislation. Prior to co-founding Resolüt Partners, Shreyas was a leader with the corporate transactions group at a leading Indian law firm…read more

Timings

Wednesday, November 30, 2022

4:00 PM – 5.30 PM

Contact us

 contact@resolutpartners.com

Register Now