Two more Fortis Healthcare independent directors quit ahead of EGM

YES Bank's stance with regard to the EGM is not clear, however, its action clearly puts pressure on the four independent directors who had backed the Munjal-Burman offer

Two more independent directors of the Fortis Healthcare board -- Sabina Vaisoha and Harpal Singh -- have resigned ahead of an extraordinary general body meeting on Tuesday. 

Tejinder Gill, another independent director, stepped down on Sunday, two days before a shareholders' meeting to decide the fate of four directors. 

Two large institutional shareholders -- Eastbridge Capital and Jupiter India Fund have called for the meeting to remove four existing directors and appoint three new ones. 

Three of the four directors who were sought to be replaced have stepped down, while Brian Tempest still remains on the board.

A few investors are