The Securities and Exchange Board of India (SEBI) recently approved changes to a number of regulations, which inter alia introduced stringent norms for independent directors, approved a shift away from the concept of “promoters”, and relaxed lock-in requirements in respect of promoter shareholding.
Kritika Agarwal and Rahul Datta have released an analysis of these amendments and what they imply for market participants.
Read the full update here.
About the Author
Kritika Agarwal has over 9 years of experience in general corporate, mergers and acquisitions, competition law, intellectual property, pharmaceutical and information technology laws, and has advised on domestic and cross-border mergers and acquisitions, joint ventures, private equity investments, foreign direct investments and financing transactions. Kritika also advises on competition law aspects of several domestic and cross-border acquisitions.
Rahul Datta is an associate with Majmudar & Partners since 2018.