Photo: NDTV
Reliance Shareholders Approve Appointment Of Isha, Akash & Anant Ambani
The appointment of Ambani scions Akash, Isha and Anant on the board of Reliance Industries has been approved by the shareholders, the company on Friday said through an exchange filing. As per the regulatory filing, twins Isha and Akash, got over 98 per cent of votes for being appointed on the board of Reliance while Anant, got 92.75 per cent votes.The voting was conducted through remote e-voting process,
Tags: Reliance, Ambanis, shareholders, Board Members, approval
Courtesy: The Free Press Journal
Photo: The Economic Times
Tata Steel Announces Merger With 7 Self Group Companies
Tata Steel's seven-member board has approved the amalgamation of seven subsidiaries with itself, confirmed the company in a regulatory filed on September 23. Although the nod was received on September 22, the notification was released the next day. The seven companies merging are Tata Steel Long Products, The Tinplate Company of India, Tata Metaliks, TRF, The Indian Steel & Wire Products, Tata Steel Mining, and S and T Mining Company.
Tags: Tata Steel, Merger, Indian Business, industry, Board Members
Courtesy: The Free Press Journal
Photo: The Economic Times
Stakeholders Oppose Appointment of Directors In Lakshmi Vilas Bank's Board
Upset with the existing management, stakeholders of Lakshmi Vilas Bank have rejected the appointment of seven directors at the company's Annual General Meeting (AGM). The seven directors included S Sundar, who was proposed as MD and CEO. Reportedly, the bank is in talks for a conglomeration with Clix Group, and is currently looking for funds. Earlier, the bank's capital adequacy ratio stood at 0.17% as of June 30.
Tags: Lakshmi Vilas Bank, Board Members, CEO, Merger
Courtesy: LiveMint
