Billionaires taken to task by rise of minority investors in India
Until recently, minority shareholders rarely clashed with management and individual investors were more likely to use meetings to recite poetry and sing the praises of the industrialist families
Govt has introduced rules allowing class action suits and rights to approach a tribunal if small stockholders' interests are trampled on, and curbed the powers owners used to enjoy on proposals that involve related entities. Photo: Mint(Mint)