Page 7 - Shareholders

At EGM, IndiGo shareholders back resolution to scrap RoFR clause

The removal of clause will now allow the two promoters of the airline to sell or transfer shares to a third party without giving each other notice

IDFC approves Anil Singhvi's appointment as chairman with immediate effect

The board also approved a proposal to seek shareholders' approval, by means of a postal ballot, for the appointment of Anita Belani as an independent director

IFCI gets shareholders' approval to raise up to Rs 1,000 cr via bonds

The fundraise through private placement was passed with requisite majority as over 99 per cent of the votes were cast in favour

Toshiba shareholder objects to break-up, urges board to solicit offers

Hedge fund 3D Investment Partners, which owns more than 7% of Toshiba, laid out its objections in a three-page letter to the company's board

Vedanta business spinoff may not affect parent's credit quality: Moody's

Currently, there is no separate disclosure on free cash flow generation by the different businesses; after spinoff each entity will report separate financials

IRB Infra shareholders pass resolution for Rs 5,347-cr capital inflow

Overall 95% of the votes casted have been in favour of the resolution

Best of BS Opinion: Managing cryptocurrencies, a board for the shareholders

Here are the best of BS Opinion pieces of the day

Sebi cautions Zee Entertainment on delay in EGM notice

In a caution letter to Zee, the Sebi said any such aberration in future would be viewed seriously and appropriate action would be initiated

In relief to Zee Entertainment, HC stops Invesco from calling EGM

Zee cancels Wednesday's board meeting to consider Sept-quarter results

Route Mobile shareholders approve raising Rs 2,000 cr via securities

Enterprise communication service provider Route Mobile has received shareholders approval to raise Rs 2,000 crore through sale of securities, according to the company's regulatory filing.

Companies need more neeti, less niyam

The key lies in training and aligning directors about the behavioural aspects of governance, not only about the laws

Why is India Inc seeing a surge in shareholder activism?

Shareholder activism in India: We often hear of a growing trend in India Inc that could bode well for shareholders but present challenges for companies. But that may not be a nascent phenomenon

Former CAG Vinod Rai fails to get re-elected on IDFC Board

Over 62% IDFC shareholders reject appointment of Vinod Rai as non-independent, non-executive director

DishTV seeks more time for AGM after Yes Bank notice regarding directors

Time sought to allow firm to comply with all applicable laws in respect of the notices and ensure it does not default on regulatory and lender covenants

Explained: Why shareholders are angry at promoter-directors' remuneration

Most experts feel the weakest link in bridging the remuneration gap between promoter-directors and professional directors is the NRC

Cognizant inks $95 mn deal with US shareholders over India bribery charges

In February 2019, Cognizant agreed to pay $25 million to settle a related U.S. Securities and Exchange Commission civil probe

'Hopeful of govt support': Vodafone Idea chairperson tells shareholders

The telecom company's operational performance has been impacted by intense competition, low tariffs and a debt of Rs 1.9 trillion leaving it with little surplus for network upgrade.

NHPC seeks shareholders nod to raise borrowing limit to Rs 40,000 cr

State-run hydro power giant will seek its shareholders' approval to raise borrowing limit by Rs 10,000 crore to Rs 40,000 crore in the annual general meeting on September 29, 2021.

SPARC seeks shareholders nod to raise up to Rs 1,800 crore

Sun Pharma Advanced Research Company (SPARC) on Wednesday said it will seek shareholders' approval to raise up to Rs 1,800 crore through various modes, including issue of equity shares and securities

REC seeks shareholders nod to raise up to Rs 85K cr via bonds, debentures

State-owned REC will seek shareholders' approval to raise up to Rs 85,000 crore through issuance of non-convertible bonds or debentures next month.