Until now, the promoters were ineligible for share-based benefits

Harmonizes it with secondary market rules

The amount will be used to finance its greenfield project and pay debt

The firms submitted before different high courts that the Act did not distinguish between games of skill and games of chance

Experts term it ‘transformative’ and ‘defining’

Hopes for a capacity rise by over 20 percent in the next 18 months

The company stated that the violation was neither due to any negligence nor within the control of its management

The restriction on accessing the securities market no longer applies

The year could mark a turning point, as several companies prepare to go public

The move comes after the Indian government banned real-money gaming in the country

The Act had recently received the assent of the President

The country’s foreign fundraising has been moderate because of domestic liquidity