M&A Critique

Navigating Shareholder Shifts: CHL Limited’s Preferential Issue and SEBI Guidance

CHL Limited, a company listed on BSE Ltd. since July 2008, recently sought clarity from the Securities and Exchange Board of India (SEBI) regarding a proposed fundraising activity. This query was made under the SEBI (Informal Guidance) Scheme, 2003.

The company is contemplating raising funds through a preferential issue of compulsorily convertible preference shares (CCPS) and/or com...

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Aniruddha Jain