SEBI to shake up M&A rules for fairer deals
SEBI is planning big changes to merger and acquisition rules, aiming to make things fairer for regular investors.
The new proposals would stop companies from giving better prices or extra perks just to big shareholders.
SEBI Chairman Tuhin Kanta Pandey says the goal is to speed up deals and get input from the public before making anything final.
What's changing and why it matters
Under the new rules, companies can't cut private deals with major shareholders for six months after a public offer—this closes loopholes seen in cases like Adani's NDTV buyout.
Open offers will also need to wrap up faster, dropping from two months to 30 days.
Plus, any private deal with a significant shareholder will now require an outside valuation, all in an effort to boost transparency and keep things fair for everyone investing.