Religare backs Saluja amid proxy advisors' ouster call
Mint New Delhi|December 23, 2024
InGovern, IiAS warned that the Saluja-Burman dispute and litigation could distract the board
Nehal Chaliawala & Varun Sood

Two leading proxy advisory firms have recommended Religare Enterprises investors Ltd (REL) to vote against giving a fresh five-year term on the company's board to chairperson Rashmi Saluja, further turning the odds against her reappointment that was already hanging in balance amid her ongoing feud with the company's largest shareholders, the Burman family. Religare has issued a rebuttal to the opinion of the proxy advisors, standing behind Saluja.

Justifying the call for Saluja's ouster, proxy advisors InGovern and Institutional Investor Advisory Services (IiAS) said the protracted battle between the Saluja-led management and the Burman family and resultant litigation may be a distraction for Religare's board. "Legal disputes and police cases may be potential distractions to the board and to her in her ability to execute her responsibilities as executive chairperson of the company," IiAS said.

هذه القصة مأخوذة من طبعة December 23, 2024 من Mint New Delhi.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 23, 2024 من Mint New Delhi.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من MINT NEW DELHI مشاهدة الكل
Mint New Delhi

Inflation targeting: It should not constrain Indian manufacturing

Monetary policymakers should analyse the price dynamics of the entire basket of items that make up India's national income

time-read
3 mins  |
December 25, 2024
Mint New Delhi

We could expect East Asia to spring some surprises in 2025

China, Hong Kong and Vietnam will be under watch for a reason

time-read
3 mins  |
December 25, 2024
Mint New Delhi

Full of sound and fury: What the Bard may say of 2024

From central bank actions to Trump's ideas, there was plenty that inspires a Shakespearean look-back

time-read
4 mins  |
December 25, 2024
Mint New Delhi

Trump's tariffs will not eliminate the dollar's exorbitant privilege

Exporters to the US may want to shift trade into other currencies but the dollar won't be dethroned

time-read
4 mins  |
December 25, 2024
Mint New Delhi

AP split leaves state-backed bondholders high and dry

Investors await payments as Andhra and Telangana dispute AP power bonds post-bifurcation

time-read
4 mins  |
December 25, 2024
Mint New Delhi

We must approach tech transformations with due care

How we deal with technology is getting highly complex. It's the reason we must exercise fine judgement

time-read
4 mins  |
December 25, 2024
Mint New Delhi

INTERNATIONAL ETFs ARE TRADING AT A PREMIUM: WHAT SHOULD INVESTORS DO?

Most successful investors remain informed, agile, and approach investments strategically

time-read
3 mins  |
December 25, 2024
Mint New Delhi

A BONE THIEF IN UKRAINE'S BACKYARD

Ukrainian officials say the Russians continue their efforts to repatriate the remains of Soviet war dead

time-read
7 mins  |
December 25, 2024
Mint New Delhi

Simplifying estate planning: The value of expert guidance

Do I need the help of a professional estate planner? Should I opt for a will or trust? Which is effective?

time-read
2 mins  |
December 25, 2024
Mint New Delhi

Samsung plans to re-enter ACs market

Samsung is planning to launch over a dozen models of inverter ACs for its 2025 lineup.

time-read
1 min  |
December 25, 2024