INDIA Law and Practice Contributed by: Kunal Chandra, Kabeer Mathur, Chinmay Bilgi, Sharnam Vaswani and Rajdeep Mukherjee, Trilegal
11.3 Interference With Completion In India, shareholder intervention in transactions is most often driven by concerns around valuation, especially in preferential allotments, capital raises and restructurings. Recent examples include the rejection of Zee Entertainment’s preferential issue due to pricing and dilution concerns, and scrutiny of Vedanta Lim - ited’s demerger over how value was allocated. These concerns are usually addressed through shareholder voting and proxy adviser recommendations, rather than attempts to block transactions outright. Note: The data in this article is derived from publicly available sources. The views expressed herein are those of the authors and are not intended to constitute advice or reflect the views of the firm.
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