The Supreme Court of India has dismissed a batch of appeals filed by minority shareholders of Bharti Telecom Limited (BTL), upholding the company’s decision to reduce its share capital by cancelling the equity shares held by individual investors. The Court ruled that the application of a “Discount for Lack of Marketability” (DLOM) in valuing unlisted
Section 66 Companies Act | Minority Shareholders Cannot Block Capital Reduction if Valuation Follows Accounting Standards: Supreme Court
