Thursday, May 16, 2013

SEBI move to stiffen Reverse Mergers to hit PEs exits

  • In a reverse merger, unlisted entities are merged with a listed group entity
  • Earlier, only court and exchange approval was required
  • Now, SEBI will look into each case
  • PEs see reverse merger as another exit route
  • SEBI's tough stance could hit PEs' plan to liquidate shares.


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