Alstom T&D gets shareholders' nod to change company's name

Alstom T&D India today received shareholders' approval for changing the name of the company to GE T&D India as the firm has been taken over by US giant General Electric.
The special resolution to change the name is on the agenda of Annual General Meeting held on July 26, 2016, which was approved by the shareholders, according to an Alstom T&D India filing to the BSE.
Earlier this year, the US-based energy and healthcare giant GE had made an open offer following its USD 16.9 billion bid to acquire the global energy assets of French multinational Alstom.
Alstom had two listed entities in India with business interests in power generation and transportation (Alstom India) and transmission and distribution sector (Alstom T&D).

The company has also got shareholders' approval to declare a dividend of Rs 1.80 per equity share of Rs 2 each for the financial year ended March 31, 2016.
Gaurav Manoher Negi, who is Chief Financial officer of the company, has been appointed as a whole-time director and Chief Financial Officer of the company, the BSE filing said.