Govt raises limit for raising funds without diluting voting rights
- Promotors can retain control even as they raise capital from global investors
- The changes are expected to benefit India Inc., particularly startups, which will be able to attract more capital, but without ceding control
New Delhi: The Union government on Friday liberalized rules that would allow Indian companies to raise share capital without diluting the voting rights of all existing shareholders. The move is expected to help promoters retain control when they raise capital from new investors.
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