SEBI’s suggestions were provoked by worries about the efficiency of the directors and the need to strengthen their autonomy and effectiveness to safeguard minority investors. But more needs to be done.
lthough delisting seems like the flavour of the season, voluntary delisting is not a new-fangled game. Earlier, numerous marquee companies like Denso India, Chemplast Sanmar, Alfa Laval India, Nirma Ltd, Patni Computers, Binani Cements, Atlas Copco, Syngenta India, Wartsila India, Wimco and E-Serve Inter