Delhi High Court upholds BharatPe’s veto rights in Unity SFB capital raise dispute
Indian markets moved higher.
· LiveMint Companies
The court dismissed Unity SFB's appeal, ruling that the joint venture bank cannot alter its capital structure or dilute BharatPe’s 49% stake without its prior consent.
Market context
- Sectors in the story: Capital Goods & Engineering and Capital Markets.
Capital Goods & Engineering
1M -11.3% · 3M -10.2%
Capital Markets
1M +3.1% · 3M +1.5%
Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
BSE Capital Goods index slips 4%; Thermax, Apar, Astral tank up to 20%
When Stocks Dampen Festive Cheer, Can Bonds Keep the Celebrations Going?
Capital Markets index soars 4%; MOFSL, Groww, 360 ONE, BSE zoom up to 7%
Sitaram Denims India files IPO papers with Sebi
Fairfax India raises stake in IIFL Capital to 38% with ₹2,000 cr investment