Browsing: ownership

[ad_1] ICICI Securities share price fell 3% to Rs 593.40 apiece as ICICI Bank approved a proposal to delist ICICI Securities, with the intention of making it a wholly-owned subsidiary of the bank. ICICI Securities was listed by the bank in an initial public offering that launched in April 2018, with shares being offloaded at Rs 520 apiece. Since then, the scrip has underperformed the broader markets. Over the last month, ICICI Securities stock price has gained 21.76%. ICICI Securities delisting The decision was made by the board of directors during their meeting held on Thursday. In a regulatory filing,…

[ad_1] The Securities and Exchange Board of India (Sebi) has proposed to regulate online platforms offering fractional ownership in real estate assets. In a recent consultation paper, it said such ownership is similar to MSM (micro, small, medium) REITs, governed by the Sebi (Real Estate Investment Trusts) regulations. Ownership model Sebi underscores the “mushrooming number of web-based platforms” offering fractional ownership in real estate in its consultation paper. This model allows investors to own a fraction or share in buildings/office spaces, including warehouses, shopping centres etc. The minimum investment range is Rs 10-25 lakh, with the cost of acquiring the…

[ad_1] With soaring prices of real estate in India, the earlier popular concept of owning “real” estate in the Indian landscape seems like a far-fetched dream for the middle class, let alone talking about investing at large. But in recent years, technology-fueled startups have democratized real estate investing under the aegis of an ownership cum investment model known as “Fractional Ownership”. In layman’s terms, Fractional Ownership is a concept wherein a percentage of an asset is owned as a fraction, on payment of a proportionate sum of money, which in turn provides the investor (fractional owner) benefits such as usage…

[ad_1] The Premier League’s new owners’ and directors’ test rules were unanimously approved at a shareholders’ meeting on ThursdayThe Premier League has tightened its ownership rules to block anyone found to have committed human rights abuses from running a club.Human rights abuses, as determined by the UK’s Global Human Rights Sanctions Regulations, is a new “disqualifying event” in the English top-flight’s owners’ and directors’ test.Individuals subject to UK government sanctions will also be banned.The changes to the test will be applied immediately.The Premier League has also amended the list of criminal offences which would result in disqualification, including those which…

[ad_1] Premier League chief executive Richard Masters watched a match in January alongside Newcastle director Amanda StaveleyPremier League chief executive Richard Masters has told MPs he cannot comment on whether his organisation is investigating who has control of Newcastle and if it is re-examining its approval of the club’s Saudi takeover.However, in a US court case, documents published last month described the PIF as “a sovereign instrumentality of the Kingdom of Saudi Arabia” and PIF Governor and Newcastle chairman Yasir Al-Rumayyan as “a sitting minister of the government” with “sovereign immunity”.The statements were made by lawyers representing LIV Golf, owned…

[ad_1] Andy Street says the department store chain should not change its staff ownership structure. [ad_2] Source link

[ad_1] A furious Antonio Conte says his Tottenham players are “selfish” and the club “can change the manager but the situation cannot change” in a scathing attack on the ownership.The Spurs boss said his team “don’t want to help each other” after a 3-3 draw against Southampton on Saturday.”Tottenham’s story is this – 20 years there is this owner and they never won something. Why?” Conte said.Spurs had led by two goals at St Mary’s but conceded twice in 15 minutes.”The fault is only for the club, or for every manager that stay here,” said Conte. “I have seen the…

[ad_1] Eddie Howe says he has “not sought any assurances” after fresh questions were raised about the ownership of Newcastle United. This comes after human rights group Amnesty International urged the Premier League to “re-examine” the Newcastle takeover after chairman Yasir Al-Rumayyan was described as “a sitting minister of the government” with “sovereign immunity”.READ MORE: Premier League ‘must re-examine’ takeover after chairman described as Saudi minister [ad_2] Source link

[ad_1] Newcastle chairman Yasir Al-Rumayyan and co-owner Amanda Staveley were at Wembley on Sunday for the Carabao Cup finalNewcastle manager Eddie Howe says he has “not sought any assurances” after fresh questions were raised about the ownership of the club.The Premier League approved the takeover by Saudi Arabia’s Public Investment Fund (PIF) after receiving “legally binding assurances” that the Saudi state would not control the club.But in a US court case this week, Newcastle chairman Yasir Al-Rumayyan has been described as “a sitting minister of the government” with “sovereign immunity”.Human rights group Amnesty International has since urged the Premier League…