RBI approves Burman family entities’ open offer to acquire 26 pc additional stake in REL, ET LegalWorld
The Reserve Bank has approved the open offer of Burman family — the promoters of FMCG major Dabur — to acquire an additional 26 per cent stake in NBFC firm Religare Enterprises Ltd (REL). The central bank also directed maintaining of the current board/management structure of REL. The Reserve Bank of India (RBI) said it […]
Sebi exempts Roshni Nadar from making open offer in two HCL entities, ET LegalWorld
Sebi on Friday exempted promoter Roshni Nadar Malhotra from making open offers in relation to proposed additional share acquisitions in HCL Technologies and HCL Infosystems. HCL Technologies and HCL Infosystems are listed on BSE and NSE. The orders came after Roshni Nadar Malhotra filed two separate applications with the regulator on September 30 and sought […]
Sebi asks QSBs to offer UPI mechanism, 3-in-1 facility to investors from Feb 1, ET LegalWorld
Markets regulator Sebi on Monday asked qualified stock brokers to offer either the facility of trading in the secondary market using the UPI-based block mechanism to their clients similar to the ASBA facility or a three-in-one trading account facility from February 1. These qualified stock brokers brokers (QSBs) must offer one of these two options, […]
SEBI appeals SAT’s ruling favoring Diageo in 2012 open offer case, ET LegalWorld
The Security and Exchange Board of India (SEBI) has served United Spirits Limited with notice of an appeal before the Supreme Court of India against the order of the Security Appellate Tribunal dated July 26, 2023. The Security Appellate Tribunal has allowed an appeal filed by Diageo plc (i.e., the ultimate parent of United Spirits […]
Consumer watchdog CCPA orders Ola to offer refund choices, provide auto ride receipts, ET LegalWorld
The Central Consumer Protection Authority (CCPA) has directed ride-hailing platform Ola to implement consumer-friendly changes, including offering refund options and providing receipts for auto rides, the regulator said on Sunday. The CCPA, led by Chief Commissioner Nidhi Khare, observed that Ola’s no-questions-asked refund policy only provided coupon codes for future rides, without giving consumers a […]
Sebi exempts Spice Healthcare from making open offer for SpiceJet shareholders, ET LegalWorld
Markets regulator Sebi has exempted Spice Healthcare Pvt Ltd from making an open offer to SpiceJet shareholders in relation to acquisition of additional shares in the airline. On conversion of warrants that were issued to it, Spice Healthcare, a promoter group entity, would be acquiring an additional 13,14,08,514 equity shares in the airline. In this […]
Employment can offer barristers more ethical protection
Smith: Challenged by judge over independence Being employed by companies or law firms can give barristers more protection when faced with ethical challenges than those in private practice, it has been suggested. This was despite the perception that those in employment are in a more ethically perilous situation, a session on ethics heard during the […]