Observers said Gautam Adani and his colleagues would now watch out for any future action by the Securities and Exchange Board of India (Sebi) and the upcoming general polls
All existing individual unit holders holding mutual fund units either solely or jointly, were required to have a nomination or opt out of nomination, effective from January 1, 2024, failing which their folios were to be frozen. The same deadline was also applicable for demat account holders
It is learnt that while they can stretch the date of the December 21 merger deadline, Zee and Sony are yet to make any announcement on such an extension. In September 2021, Zee and Sony entered into a non-binding agreement to merge their operations
The regulator has proposed that companies delist through a fixed price mechanism instead of the existing reverse book-building process. In reverse book building, shareholders offer a price at which they are willing to sell their shares to the promoters or the large shareholders