Articles for Shareholders

Activist Saba launches board and management coup at seven London-listed investment trusts
4 days, 5 hours ago

Activist Saba launches board and management coup at seven London-listed investment trusts

Daily Mail  

An activist investor is hoping to seize control of seven underperforming London-listed investment trusts after urging shareholders on Wednesday to sack their respective boards. The trusts affected are Baillie Gifford US Growth, CQS Natural Resources Growth & Income, Edinburgh Worldwide, European Smaller Companies, Henderson Opportunities, Herald Investment Trust and Keystone Positive Change. Targeting trusts with big discounts to NAV is …

London Trust Board Investment Shareholders Trusts Boards
Companies Act | Approval Of Shareholders Mandatory For Listing Shares On Stock Exchange : Supreme Court
6 days ago

Companies Act | Approval Of Shareholders Mandatory For Listing Shares On Stock Exchange : Supreme Court

Live Law  

The Supreme Court recently ruled that, without in-principle approval from the company's shareholders, debt-to-equity converted shares issued in favor of any person cannot be listed on the stock market.In other words, the Court stated that obtaining in-principle approval from the company's shareholders, as required under Section 62 of the Companies Act, 2013, is mandatory before. The Supreme Court recently ruled …

Supreme Court Rare Court Shareholders Companies Company Stock
Why Elon Musk should get every cent of his $56bn Tesla pay package
6 days, 3 hours ago

Why Elon Musk should get every cent of his $56bn Tesla pay package

The Independent  

The moment my children became interested in the US election was not when Taylor Swift declared her support for Kamala Harris, it was when Elon Musk appeared alongside Donald Trump. Elon Musk helped to get Donald Trump re-elected So, when judge Kathaleen McCormick in the Delaware court of chancery found against Musk in January, there was widespread harrumphing and nodding: …

Tesla Judge Musk Delaware Elon Musk Mccormick Elon
ITC sets January 1, 2025 as effective date for demerger of hotel business
6 days, 7 hours ago

ITC sets January 1, 2025 as effective date for demerger of hotel business

Live Mint  

ITC Ltd on Tuesday said that the company has fixed January 1, 2025, as the effective date for demerger of its hotel business after receiving an approval order from the National Company Law Tribunal. ITC share price gained over a percent to ₹475.00 apiece on the BSE after the announcement. “The Company has received a certified copy of the Order …

Itc Hotel Business
Unhappy shareholders boot a record 25 directors from Dish TV board in 3 years
1 week, 2 days ago

Unhappy shareholders boot a record 25 directors from Dish TV board in 3 years

Live Mint  

Shareholder fury has put a revolving door on the boardroom of Dish TV India Ltd, as investors throw out every new nominee proposed by the company, and the company naming new independent directors who meet the same fate. Investors have ousted a record 25 directors from the Dish TV board in a little over three years, including two on Thursday, …

Board Shareholders Bank Promoters Company Directors Dish
Nvidia dealt blow as US Supreme Court drops shareholder suit
1 week, 3 days ago

Nvidia dealt blow as US Supreme Court drops shareholder suit

Live Mint  

The US Supreme Court dismissed an appeal by Nvidia Corp., leaving it to face a lawsuit that accuses the company of misleading shareholders about its reliance on crypto-mining revenue in the run-up to a market crash. The dismissal came four weeks after several justices questioned whether the case presented the type of broad legal issue that would warrant a Supreme …

Supreme Court Nvidia Court Dismissed Shareholder Suit
FOCUS-UniCredit’s Orcel was plotting bid before Banco BPM forced hand, sources say
1 week, 4 days ago

FOCUS-UniCredit’s Orcel was plotting bid before Banco BPM forced hand, sources say

Live Mint  

* UniCredit made bid for smaller rival Banco BPM last month * Move followed BPM announcing bid for Anima, stake in MPS * UniCredit CEO Orcel fighting on two fronts * Puts Orcel's M&A credentials to test as BPM shares soar By Valentina Za and Giuseppe Fonte MILAN, Dec 11 - UniCredit CEO Andrea Orcel has been drawing up plans …

Italy Price Reuters Mps Rome Unicredit Bpm
"Willful breach": Albertsons hits Kroger with massive lawsuit as merger sours
1 week, 4 days ago

"Willful breach": Albertsons hits Kroger with massive lawsuit as merger sours

Salon  

The largest proposed merger in the history of American supermarkets came to an abrupt end this week after Albertsons terminated its $25 billion merger agreement with Kroger one day after a federal judge’s ruling blocked the deal. Albertsons responded to the ruling by immediately ending the merger agreement and filing a lawsuit against Kroger in the Delaware Court of Chancery …

Cnn Ruling Merger Kroger Transaction Grocery Albertsons
The Most Powerful Families in South Korea Brace for the Next Revolt
1 week, 4 days ago

The Most Powerful Families in South Korea Brace for the Next Revolt

Live Mint  

Never miss an episode. On today’s Big Take Asia Podcast, Rebecca Choong Wilkins talks to Bloomberg reporter Youkyung Lee about how a surprise takeover bid for one of the world’s biggest refined metal producers, Korea Zinc, is sending a chill through the chaebol world. This is after MBK launches a tender offer to buy Korea Zinc that follows… Choong Wilkins: …

Market Shareholders South Korea Families Retail Investors South President Yoon
India's ReNew Energy offered to be taken private in $2.82 billion deal
1 week, 4 days ago

India's ReNew Energy offered to be taken private in $2.82 billion deal

The Hindu  

Some of the biggest investors in ReNew Energy Global have offered to take the company private, filings to the U.S. Securities And Exchange Commission show, in a proposed deal that values the generator at $2.82 billion, according to Reuters calculations. Major shareholders Canada Pension Plan Investment Board, UAE-based Masdar, chairman Sumant Sinha and a unit of the Abu Dhabi Investment …

India Company Sec Renew
Why Elon Musk should get every cent of his $56 billion pay package
2 weeks, 2 days ago

Why Elon Musk should get every cent of his $56 billion pay package

The Independent  

The moment my children became interested in the US election was not when Taylor Swift declared her support for Kamala Harris, it was when Elon Musk appeared alongside Donald Trump. Elon Musk helped to get Donald Trump re-elected So, when judge Kathaleen McCormick in the Delaware court of chancery found against Musk in January, there was widespread harrumphing and nodding: …

Tesla Judge Musk Delaware Elon Musk Mccormick Elon
NCLAT sends Aakash-Byju’s dispute back to NCLT amid minority shareholder tensions
2 weeks, 3 days ago

NCLAT sends Aakash-Byju’s dispute back to NCLT amid minority shareholder tensions

Live Mint  

The National Company Law Appellate Tribunal on Friday declined to stay an order from the National Company Law Tribunal barring Aakash Educational Services, a subsidiary of the embattled edtech giant Byju’s, from amending its Articles of Association. The appellate tribunal’s decision follows a 29 November directive from the Supreme Court, which instructed Aakash to approach the NCLAT for resolution while …

Shareholders Minority Nclt Minority Shareholders Nclat Stake Blackstone
Gautam Singhania confirmed as Raymond Lifestyle executive chairman at AGM
2 weeks, 4 days ago

Gautam Singhania confirmed as Raymond Lifestyle executive chairman at AGM

India Today  

Gautam Hari Singhania has been confirmed as the Executive Chairman of Raymond Lifestyle, following shareholder approval at the company’s Annual General Meeting. The company debuted on the stock exchanges on September 5, 2024, and Singhania has played a leadership role in both Raymond Ltd and Raymond Lifestyle since then. Proxy advisory firms, including Stakeholders Empowerment Services and Institutional Investor Advisory …

Raymond Lifestyle Singhania
What’s next in the legal battle over Elon Musk’s $100 billion pay deal
2 weeks, 5 days ago

What’s next in the legal battle over Elon Musk’s $100 billion pay deal

Live Mint  

Elon Musk’s record-breaking Tesla compensation package has hit another roadblock, after a Delaware judge on Monday again rejected the pay deal, now worth nearly $100 billion. The company hadn’t sought to renegotiate a pay deal with Musk, which the board of directors identified as a risk to Tesla. If an appeal fails, board directors could craft a fresh compensation package …

Legal Board Tesla Shareholders Legal Experts Pay Company
Elon Musk’s multibillion-dollar pay package is rejected for a second time. What to know
2 weeks, 5 days ago

Elon Musk’s multibillion-dollar pay package is rejected for a second time. What to know

LA Times  

A Delaware judge rejected Tesla Chief Executive Elon Musk’s multibillion-dollar pay package for a second time, writing in her opinion this week that the company’s approval process for the package was “deeply flawed.” Tesla shareholders approved the compensation plan in 2018, which was once valued at $56 billion but fluctuates dramatically with Tesla’s stock price. Business Tesla shareholders strongly support …

Shareholders Pay Company Musk Delaware Plan Ruling
A judge has once again rejected Musk’s multi-billion-dollar Tesla pay package. Now what?
2 weeks, 5 days ago

A judge has once again rejected Musk’s multi-billion-dollar Tesla pay package. Now what?

Associated Press  

DETROIT — For a second time, a Delaware judge has nullified a pay package that Tesla had awarded its CEO, Elon Musk, that once was valued at $56 billion. The judge ruled then that Musk effectively controlled Tesla’s board and had engineered the outsize pay package during sham negotiations. In her 103-page opinion, she ruled that under Delaware law, Tesla’s …

Court Tesla Pay Texas Judge Musk Delaware
Delaware judge rejects Elon Musk’s second bid to ram through $56bn pay package
2 weeks, 6 days ago

Delaware judge rejects Elon Musk’s second bid to ram through $56bn pay package

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A Delaware judge has …

Tesla Shareholders Musk Delaware Second Bid Judge Mccormick
MapMyIndia move to shift B2C biz to founder's son kicks up a storm
2 weeks, 6 days ago

MapMyIndia move to shift B2C biz to founder's son kicks up a storm

Live Mint  

Bengaluru: Digital maps pioneer MapMyIndia has come under the scrutiny of investors and proxy advisory firms after the company agreed to invest ₹35 crore and transfer a tiny share of its business to a company owned by the son of its founder and promoter. "As the consumer business requires a dedicated focus to build Rohan Verma, CEO and executive director …

Business Company Crore Verma Founder Transaction Managing Director
Elon Musk's $56 billion Tesla pay rejected by US court again
2 weeks, 6 days ago

Elon Musk's $56 billion Tesla pay rejected by US court again

India Today  

Tesla CEO Elon Musk has faced yet another setback as a Delaware court rejected his $56 billion pay package for the second time, reported news agency Reuters. THE COURT’S DECISION Chancellor McCormick maintained that Tesla’s attempt to reinstate Musk’s pay package through a shareholder vote was not legally valid. The court also ruled that Musk improperly influenced Tesla’s 2018 board …

Court Tesla Pay Musk Elon Musk Ruling Mccormick
Wipro shares down 50%? Here's why some apps are showing the wrong price
2 weeks, 6 days ago

Wipro shares down 50%? Here's why some apps are showing the wrong price

India Today  

Wipro shares saw an unusual 50% drop on some trading apps on Tuesday, causing confusion among investors. The apparent drop is a result of Wipro’s 1:1 bonus issue, which has adjusted the share price to reflect the increased number of shares in circulation. HOW BONUS ISSUES AFFECT SHARE PRICES A bonus issue increases the number of outstanding equity shares while …

Price Share Shares Bonus Wipro Wipro Shares
US judge denies request to restore Elon Musk's $56 billion Tesla pay package
2 weeks, 6 days ago

US judge denies request to restore Elon Musk's $56 billion Tesla pay package

India Today  

A Delaware judge has reaffirmed her ruling that Tesla must revoke Elon Musk’s multibillion-dollar pay package. Chancellor Kathaleen St. Jude McCormick on Monday denied a request by attorneys for Musk and Tesla’s corporate directors to vacate her ruling earlier this year requiring the company to rescind the unprecedented pay package. Following the court ruling, Tesla shareholders met in June and …

Tesla Pay Stock Musk Billion Fee Attorneys
Musk’s $101bn Tesla pay package again rejected by US judge
2 weeks, 6 days ago

Musk’s $101bn Tesla pay package again rejected by US judge

Al Jazeera  

Judge says Tesla’s ‘unprecedented theories’ do not support argument to reverse previous ruling scrapping pay deal. A judge in the United States has upheld a decision to deny Tesla CEO Elon Musk a multibillion-dollar pay package despite shareholders voting to restore the compensation deal. The decision by a Delaware judge on Monday reaffirmed an earlier ruling to void the pay …

Tesla Shareholders Pay Judge Musk Delaware Mccormick
Tritiyaa Jewellery director held for forging docus to remove co-founder
3 weeks ago

Tritiyaa Jewellery director held for forging docus to remove co-founder

New Indian Express  

HYDERABAD: Jubilee Hills police on Sunday arrested Kanthidutt Thonangi, the 24-year-old director of Tritiyaa Fine Jewellery, popularly known as Tritiyaa Jewellery, over charges of cheating, criminal breach of trust and using forged documents for personal gains, According to the cops, four cases, including one hit-and-run case where a person was killed, have been registered against Kanthidutt, who is also the …

Srija Kanthidutt
Elon Musk’s massive, multibillion-dollar Tesla pay package was blocked by a judge again
3 weeks ago

Elon Musk’s massive, multibillion-dollar Tesla pay package was blocked by a judge again

CNN  

CNN — Elon Musk’s record-breaking pay package for serving as Tesla’s CEO was rejected by a Delaware court, despite being approved by Tesla shareholders at a June meeting. The pay package, now worth around $101 billion based on Tesla’s closing share price Monday, is made up of 303 million Tesla stock options. At the time, McCormick ruled in favor of …

Board Tesla Pay Musk Mccormick Dge Package