IiAS: Royalty payments: At last, the dog wags its tail
After years of the tail wagging the dog, we are seeing signs of the dog wagging its tail. Put differently, after a few years of seeing...
Shareholders flex their muscle
Shareholders have become more discerning when it comes to voting on resolutions. Since January 2014, 66 resolutions (for companies in the...
Royalty payments outpace performance
IiAS views on royalty payouts
Arundhati Bhattacharya’s unfinished agenda at SBI
The State Bank of India (SBI) is modernizing itself. It is leveraging technology, improving the quality of disclosures in its annual...
Grasim-ABNL Merger: That 70’s show
On 12 August 2016, the Aditya Birla Group announced the merger of its two holding companies, Aditya Birla Nuvo Limited (ABNL) and Grasim...
Cummins India Limited: The Maruti Gujarat plant by stealth
A very egregious practice catches-on and the hollowing out of MNC’s listed in Indian begins. Even as the Maruti management was completing...
Royalty continues to outpace profits; shareholders must demand a greater say
Royalty has been a contentious issue for MNCs set up in India. In FY15, 32 MNCs paid out an aggregate Rs. 63 bn, which was almost 21% of...
Investor communication: Plugging information asymmetry
It’s well established that company managements always find time for institutional investors, giving these investors access to more...
A field guide to shareholder redressal in India
Indian equity shareholders are increasing their proactive engagement with companies. A new class of investors are vocalizing their...