Tata Trusts' Listing Objection, Not Board Meeting Is 'Real Issue': Chandra's Legal Adviser Harish Salve
RBI convened in a governance development.
· NDTV Profit
Salve further said the RBI had initially indicated in 2019 that companies with access to public funds could remain outside the upper-layer framework under certain circumstances, but subsequently reconsidered its position.
The analysis
Governance events hit the valuation multiple, not just the earnings — and the de-rating is usually faster than the recovery.