SEBI Approves Key Executive’s Stake Increase in Shriram Properties
The Securities and Exchange Board of India (SEBI) has recently approved a significant corporate action involving Shriram Properties Limited. The market regulator has given the green light to Murali Malayappan, the company’s Chairman and Managing Director, to indirectly acquire a substantial stake in the company. The Proposed Acquisition Malayappan plans to acquire a 70.86% stake…