Listed Companies & Differential Voting Rights Framework – A forgotten tale?
Nityesh Dadhich [i] Introduction Despite the economic havoc caused by the pandemic & a series of lockdowns and restrictions, the Indian stock market doubled itself and touched new heights in 2021. The last year proved to be the best IPO Year over the past 20 years, raising over 1.18 Trillion Rupees through IPOs. Differential Voting Right (DVR) shares (explained here) enable the promoter group of a company to raise equity without diluting their control over the company. In ord