Technology and Internet
Startup moguls fete SEBI framework on differential voting rights
28 Jun 2019
Start-up entrepreneurs in India, who have for long been demanding introduction of differential voting rights to fend off any hostile takeover attempt or succumb to pressure from powerful investors, have welcomed the decision of the market regulator Securities and Exchange Board of India (Sebi) to introduce a framework on this.
Madhur Singhal, managing director at consulting firm Praxis Global Alliance, said tech companies are powered by the ideals of the entrepreneur and it is in everybody’s interest to keep the entrepreneur involved. “Having differential voting rights allows founders and management teams to get investors more flexibility,” said Singhal.
Featured Leader: Madhur Singhal
This article was originally published on Business Standard. Read more.
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