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Losing interest: The curious case of absent shareholders at company AGMs
Losing interest: The curious case of absent shareholders at company AGMs

Business Standard

time3 days ago

  • Business
  • Business Standard

Losing interest: The curious case of absent shareholders at company AGMs

Companies see turnout at AGMs decline despite post-pandemic surge in shareholder numbers Sachin P Mampatta Mumbai Listen to This Article Only one of every 10,000 shareholders of companies attended an annual general meeting (AGM) this calendar year, shows early data from large companies. This had been five-eight times higher in 2019. The drop comes even as companies have seen an increase in the number of shareholders. The AGM is an opportunity for shareholders to interact with the company management, ask questions, and raise issues they deem important. The number of attendees dropped to 2,278 in 2025 as against 4,217 in 2019 across 10 blue-chip companies whose AGM attendance data Business Standard analysed. The AGMs conducted in 2025 are for 2024-25

India's foreign equity listings went cold after 2018, shows data
India's foreign equity listings went cold after 2018, shows data

Business Standard

time28-07-2025

  • Business
  • Business Standard

India's foreign equity listings went cold after 2018, shows data

Debt issuances and convertibles keep flowing as equity stalls Sachin P Mampatta Mumbai Listen to This Article Indian entities haven't raised capital through foreign equity listings in over six years — the longest gap since liberalisation. The last such overseas equity fundraise was in 2018, according to data from Prime Database. Listings abroad occurred nearly every year from 1992 through 2016, with 2017 being a rare exception. After one final issue in 2018, there have been no subsequent listings. This lull comes as some Indian companies explore listings at Gujarat International Finance Tec-City (GIFT City), Gandhinagar, pitched as an alternative to offshore hubs like Singapore. The government in 2024 cleared the path for direct listings of Indian

Equity cult in Bihar: State now has 10th highest investor base, shows data
Equity cult in Bihar: State now has 10th highest investor base, shows data

Business Standard

time10-07-2025

  • Business
  • Business Standard

Equity cult in Bihar: State now has 10th highest investor base, shows data

This is the sharpest surge recorded across states during this period, and reflects a compound annual growth rate (CAGR) of 48.8 per cent premium Sachin P Mampatta Mumbai Listen to This Article A government job may be the most sought after vocation for many youth, but Akshay Kumar, a resident of Bhojpur district in Bihar, has recently given up a permanent sarkari role to focus on his new booming business on a full-time basis. Kumar, who had started a franchisee operation for brokerage firm Motilal Oswal Financial Services during the Covid-19 pandemic in a district better known for its films such as Ganga Maiya Tohe Piyaari Chadhaibo and Piya Nirmohia, says his venture has clocked a tenfold jump in stock market trades since then. The relative return of investment (RoI) on his

150 years from the Banyan Tree: The story of BSE, people who shaped growth
150 years from the Banyan Tree: The story of BSE, people who shaped growth

Business Standard

time09-07-2025

  • Business
  • Business Standard

150 years from the Banyan Tree: The story of BSE, people who shaped growth

The story of the exchange and the people who shaped its growth: From wars and bomb explosion to speculators, reformers and wealth creators Sachin P Mampatta Listen to This Article In some ways, the history of the BSE can be traced back to the speculative mania that gripped Mumbai (then Bombay) more than a decade before the exchange's founding. Among the key figures of that great bubble was Premchand Roychand, described as a 'devout Jain, of fair complexion, lithe of limb and sweet of temper, of engaging manners and free from the pride of riches — who had seen no more than thirty-four summers but who carried a most clever financial head on his shoulders.' Roychand was involved with financial institutions like the Bank of Bombay and the Asiatic Bank.

18 debt issuances, ₹1 trillion+, the fastest half-year sprint yet
18 debt issuances, ₹1 trillion+, the fastest half-year sprint yet

Business Standard

time06-07-2025

  • Business
  • Business Standard

18 debt issuances, ₹1 trillion+, the fastest half-year sprint yet

Reits, Invits tapped debt every 10 days in record run Sachin P Mampatta Mumbai Listen to This Article Investment vehicles that manage rental properties and infrastructure assets have been increasing their debt levels. There has been a debt issue roughly every 10 days from either a real estate investment trust (Reit) or an infrastructure investment trust (Invit) in the first half of 2025, according to an analysis of issuer data from Prime Database. The cumulative amount of debt raised in the first six months of 2025 is higher than in any similar period since data became available. Total debt issuance since inception has now crossed ₹1 trillion, reaching ₹1.02 trillion as of June-end. A Reit manages properties such

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