In reaction to the recent disclosure by Aster DM Healthcare and its commitment to allot 70-80% of the revenue generated from the sale of its Gulf Cooperation Council (GCC) business to Alpha GCC Holdings for distribution to shareholders, Institutional Investor Advisory Services India (IiAS), a proxy advisory firm, has revised its voting recommendation from "against" to "for."
India’s shareholder uprisings come at a good time. The country’s biggest conglomerate, a leading broadcaster and a mortgage lender – all dominated by powerful backers often known as promoters – face boardroom backlashes. Even if the revolts are quelled, they underscore a welcome shift toward more market-friendly forces.
SAT s split verdict leaves PNB-Carlyle deal in limbo; case may go to apex court thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.