News

Sony unhappy with Zee developments, merger may unravel  Sony's board of directors is said to be unhappy with developments and is looking at invoking force majeure and material adverse clause in the shareholder agreement in the proposed merger with Zee Entertainment in India. The lawyers on both sides, Shardul Shroff representing Sony Pictures Entertainment India and Economic Law Practice for Zee will be busy in the next few days as the unravelling of one of the expected biggest entertainment media mergers takes place. Whether this ...
Sony unhappy with Zee developments, merger may unravel
Sony unhappy with Zee developments, merger may unravel
Source: IANS
19/06/2023 10:25:53 AM
SEBI orders release of Rana Kapoor's bank, demat accounts  Capital market regulator SEBI on Wednesday ordered the releasing of bank accounts, lockers, demat accounts, and mutual fund folios of former Yes Bank MD and CEO Rana Kapoor. In March, the SEBI had attached his bank accounts, and mutual fund holdings to recover dues of over Rs 1.04 crore, after the Yes Bank founder failed to pay the fine imposed on him. The regulator had imposed a penalty of Rs 1 crore on Kapoor for violation of disclosure regulations regarding a transaction of Mor...
SEBI orders release of Rana Kapoor's bank, demat accounts
SEBI orders release of Rana Kapoor's bank, demat accounts
Source: IANS
26/08/2021 10:28:33 AM
SAT grants interim relief to Franklin Templeton against SEBI orders The Securities Appellate Tribunal (SAT) on Monday granted interim relief to Franklin Templeton in terms of SEBI's recent orders against the fund house. The appellate tribunal will next hear the matter on August 30. SAT has stayed the SEBI order restraining Franklin Templeton from launching new debt schemes for two years. It has, however, asked the asset management company to deposit Rs 250 crore in three weeks in an escrow account. Commenting on the development, a Franklin Temple...
SAT grants interim relief to Franklin Templeton against SEBI orders
SAT grants interim relief to Franklin Templeton against SEBI orders
Source: IANS
28/06/2021 2:38:26 PM
SAT allows shareholder voting on PNB Housing`s preferential issue In a relief for PNB Housing Finance, the Securities Appellate Tribunal (SAT) has allowed voting by its shareholders on the proposed preferential issue worth Rs 4,000 crore to entities led by The Carlyle Group Inc. The extra-ordinary general meeting (EGM) of the company is scheduled for Tuesday. However, the tribunal has said that the results would not be declared and would be kept in a sealed cover. The company would issue specific directions in this regard to the NSDL, which is the ...
SAT allows shareholder voting on PNB Housing`s preferential issue
SAT allows shareholder voting on PNB Housing`s preferential issue
Source: IANS
22/06/2021 9:20:16 AM