Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 22 APRIL 2024

SEBI Puts Selling Shareholders On Silent Mode: Do Shareholders' Agreements Need A Relook?

CMS INDUSLAW
Explore more from CMS INDUSLAW

The Securities and Exchange Board of India ("SEBI") has recently started issuing observations to Initial Public Offering ("IPO") bound companies to ensure that the disclosures...

IndiaCorporate/Commercial Law
Avimukt Dar
Avimukt Dar
Manshoor Nazki
Manshoor Nazki
Nikita Goyal
Nikita Goyal
Deepansh Goyal
Deepansh Goyal
Sarthak Sangwai
Sarthak Sangwai
Author LinkedIn connections

1. INTRODUCTION

The Securities and Exchange Board of India ("SEBI") has recently started issuing observations to Initial Public Offering ("IPO") bound companies to ensure that the disclosures in their offer document for decisions with respect to 'offer price' and 'price band', are made in compliance with Part VII of Chapter II of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("ICDR Regulations"). 1 These observations stem from the market regulator's recent endeavour to curb the influence of Private Equity ("PE"), Venture Capital ("VC") and other selling shareholders (collectively with PE and VC the "Selling Shareholders") who intend to offload shares in the IPO.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

CCPS In India: Why Compulsorily Convertible Preference Shares Remain Central To Venture Capital And M&A Transactions

Compulsorily Convertible Preference Shares (CCPS) remain one of the most widely used instruments for venture capital and private equity investments in Indian companies. Their appeal lies in the ability to combine equity classification with negotiated economic and governance protections. But CCPS are not governed by a single, standalone statutory framework. Their legal treatment is instead shaped by the Companies Act, FEMA and foreign investment rules, tax law, and, where applicable, SEBI regulations.
IndiaCorporate/Commercial Law
King, Stubb & Kasiva
King, Stubb & Kasiva
Article

A Sneak Peek Into A Historic Deal In The Entertainment Industry: How Paramount Beat Netflix For Warner Bros. – Lessons And Reforms For India

Chanakya, the ancient Indian strategist and author of the Arthashastra, taught that an opponent is overcome through four means: sama (persuasion), dana (inducement), bheda (division) and danda (force). The contest for Warner Bros. Discovery (WBD) is a modern illustration of all four. Netflix made the first offer and signed a merger agreement with WBD, yet Paramount played each of its cards with care.
IndiaCorporate/Commercial Law
Hammurabi & Solomon Partners
Hammurabi & Solomon Partners
Article

FCRA Amendment Rules, 2026: Key Changes And Practical Implications

AZB & Partners provides important disclaimers regarding the nature and purpose of their website, clarifying that no solicitation or advertising has occurred and that the information is provided solely at the user's request. The firm outlines the limitations of the website content and emphasizes that accessing it does not create a lawyer-client relationship. Users are informed about their responsibilities when using the site and the firm's intellectual property rights over the content.
IndiaCorporate/Commercial Law
AZB & Partners
AZB & Partners