The meeting was called by some leading investors such as Prosus and General Atlantic and there were seven resolutions at the EGM.
In a communication to his team members, CEO Byju Raveendran has pointed out only 35 of the 170 shareholders, representing only 45 per cent of the shareholding, voted in favour of the resolutions, showing the limited support that the "irrelevant" meeting received.
Sources added they had pointed out that was not even a simple majority and the EGM was illegal.
However, according to sources close to private-equity shareholders, 47 investors were present in the meeting. Those, according to them, represent 60 per cent holding in the company and 46 of them voted unanimously in favour of the resolutions and they represent the largest institutional investors.
هذه القصة مأخوذة من طبعة February 26, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة February 26, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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