While the industry awaits further clarity on issues, the move is being seen as a game changer paving way for far greater founder control of their companies.
By ET Bureau | Updated:
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Sebi’s approval for issuance of shares with differential voting rights (DVRs) for Indian founders was cheered by the startup ecosystem.
Sebi’s approval for issuance of shares with differential voting rights (DVRs) for Indian founders was cheered by the startup ecosystem. While the industry awaits further clarity on issues like the sunset clause for such dual-class shareholding and the net worth limit for shareholders with superior voting rights, the move is being seen as a game changer paving way for far greater founder control of their companies.
ET breaks down the DVR provisions introduced by Sebi and what it means for startups.
TML Securities Trust sells 1.14 crore new ordinary shares of Tata Motors under DVR scheme
