Pritish Nandy Communications Ltd. (PNCL) – June 19, 2025 Fact of the case: In March 2025, Ideas.Com India Pvt. Ltd. (“Acquirer”), a part of the promoter group of Pritish Nandy Communications Ltd. (the “Target Company”), which is a listed entity, purchased a total of 7,05,000 shares which is equivalent of to 4.87% of the Target […]
At What Point Is an Acquisition Recognized Under SAST? Read More »
Background & Circumstances CHL Limited is a listed company on BSE since 2008. The promoter and promoter group hold approx. 72.84%, while public shareholders hold 27.16%. The Company has proposed to issue CCDs/CCPS on preferential basis, with subsequentconversion into equity sharesin FY 2026–27. Proposed allottees include: Promoter or promoter group shareholding, post conversion of all CCPS / CCDs in FY 2026-27 issued to promoter/promoter
Understanding Preferential Allotment and Takeover Code Triggers as per SEBI Read More »
Introduction On July 31, 2025, the Securities and Exchange Board of India (SEBI) issued a consultation paper proposing significant amendments to the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations). The proposals aim to address practical limitations, align the regulatory framework with evolving market realities, and reinforce institutional participation in large initial
Background In recent years, India’s regulatory landscape for listed entities has seen significant modernization, aimed at greater transparency, automation, and investor confidence. At the heart of this transformation are credit rating agencies (CRAs) and environmental, social, and governance (ESG) rating providers (ERPs), whose assessments play a crucial role in informing market participants of the financial
Streamlining Credit and ESG Rating Disclosures: BSE and NSE Move to Automated Systems Read More »
