ADVERTISEMENT
Promoter Reclassification: Who Calls The Shots?
Who should enjoy the power to trigger the reclassification of a promoter as a public shareholder, asks Umakanth Varottil.
19 Feb 2020, 07:08 PM IST i

Save

(From left) Gautam Thapar of CG Power, Subhash Chandra of Zee Group, and Yes Bank’s former CEO Rana Kapoor. (Photo: BloombergQuint)
The concept of ‘promoters’, or controlling shareholders, has acquired a pivotal status in the Indian corporate governance discourse. Promoter status is not permanent, but transient. A promoter that cedes control over the company is expected to shed both the privileges and burdens of the status. Some questions have come into sharp focus in such a circumstance. Who enjoys the power to trigger the reclassification of a promoter as a non...

I’m already a Subscriber
To continue reading this story
Subscribe to Unlock & Enjoy your
Subscriber-Only benefits
Subscriber-Only benefits
Choose a plan
Renews automatically. Cancel anytime.
Access to
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Ad-Lite
Experience
Subscriber-Only
Rewards
NDTV Profit
Exclusive Stories
Full Access to
NDTV Profit App
Access to
20,000+
Research Reports
Ad-Lite
Experience
NDTV Profit
Exclusive Stories
Curated
Newsletters
Priority Pass
to Special Events
Subscriber-Only
Rewards
Full Access to
NDTV Profit App
Still Not convinced ? Know More
ADVERTISEMENT