Business Daily from THE HINDU group of publications
Monday, Sep 08, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Monday, Sep 08, 2008 ePaper | Mobile/PDA Version | Audio |
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Mentor
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Company Law Markets - Stocks Columns - For the Asking Why equity shares with differential voting rights have not caught the fancy of our corporates? Ananda Valli, SrirangamIt is true that despite the enabling regime for equity shares with differential voting rights, no company has evinced any interest. In fact, even in other countries where such a regime exists, it hasn’t been a success. The reason perhaps is investor apathy more than corporate apathy. Investors after all may not like to miss the action and capital appreciation, especially in a takeover game that is possible if only they own shares carrying voting rights. A few crumbs thrown extra as recompense for forsaking voting rights is no big deal especially nowadays when dividend has ceased to be a major source of recompense for investors given the mind boggling premia forked out on shares. S. MURLIDHARAN More Stories on : Company Law | Stocks | For the Asking
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