Protect interests of SW Solar’s minority shareholders: Proxy advisory firm asks Sebi

Ingovern Research Services, a proxy advisory firm, has called for Sebi to force promoters of Sterling and Wilson Solar (SW Solar) to provide an exit offer to minority shareholders as the promoters failed on their commitment to repay loans to SW Solar from the proceeds of its IPO in August 2019, causing a sharp fall of 60 per cent in share prices of the company from its issue price.