QUICK POLL: Time to retire India's IPO promoter concept?

Author: IFLR Correspondent | Published: 24 Jan 2020
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The concept of a promoter has been around for a long time in India. It essentially means someone who is connected with the business from the start. But the growing burden of responsibilities and liabilities of promoters are taking a toll on companies that want to grow. Globally, the term 'controlling shareholder' is more commonly used. However, in India, there is little differentiation between promoter and controlling shareholder concepts. Indian companies in the digital era wanting to IPO are feeling the brunt of the archaic concept.

IFLR is polling readers on whether it is time the promoter vocabulary is phased out in India. Let us know your thoughts by voting here now.

To discuss your answer in more, detail please contact Karry Lai at karry.lai@euromoneyasia.com.