Plans for a stake sale by Bain and Advent were expedited after earlier efforts to list the company in India or the US fizzled out as technology stock valuations faced a global meltdown.

"There is a good amount of interest and sponsorships from corporate houses for athletes and sports players who have reached the top levels. But if there is a lot more corporate sponsorship at the grassroots levels, too, it would be more beneficial to promote sports in India," Chopra said.

While the Competition Commission of India (CCI) has no issues with PEs owning minority stakes in rival companies, in terms of board representation it wants these funds to choose one company and give up directorship in the rival companies, they said.

Investors, on their part, are increasingly considering sustainable, responsible, and ethical practices when they assess corporate performance and risk. Asset managers also play an important role as active investors in companies and in influencing them as part of their larger stewardship role.

The move comes at a time when Sebi plans to file a review petition in the apex court against the August 5 order that had ruled in favour of the company on accessing the relevant documents.

A rundown of the most important, popular and interesting stories on ET Prime this week.

The clock-in/clock-out system lost its relevance at artificial intelligence and analytics firm Fractal well before the pandemic set in, says Rohini Singh, its chief people officer.

After the pandemic, the workplace dynamics changed irretrievably. Companies the world over did everything possible to woo employees back to the office. Life returned to pre-Covid normalcy with people travelling for leisure, restaurants and bars buzzing again, flights, hotels and resorts becoming jam-packed and traffic snarls as we knew them returning.