Shareholder

Listed public sector companies, including banks, will be required to take shareholders' approval for any appointment or reappointment to the board of directors in the immediate next general meeting, capital markets regulator Sebi has clarified. In case shareholders do not clear resolution for the appointment, such a person would cease to be a director, it added. Providing informal guidance to state-owned Bank of Baroda, the Securities and Exchange Board of India (Sebi) indicated that its views might differ on a case-to-case basis. The clarification came after Bank of Baroda sought informal guidance in relation to amendments made in LODR (Listing Obligations and Disclosure Requirements) rules pertaining to shareholders' requirement for appointment on the board. The bank has sought clarification on the status of government-appointed directors in a scenario where resolutions put for appointment are rejected by shareholders and whether the government can participate in such a ...

The wipeout of $17 billion worth of AT1 bonds in the UBS-Credit Suisse deal has spooked investors as they now assess if this can happen to their AT1 holdings in other banks as well

Under proposed Sebi norms, firms must get shareholder nod at least once in 5 yrs for each board seat so that promoters aren't able to retain control after losing dominant shareholding

Govt should have moved fast in Vodafone Idea matter

Parekh said the voting process of shareholders on the proposed merger has received "fair amount of votes" from shareholders already

Credit Suisse Group AG hired about 20 banks to help with a $4 billion capital increase that will help fund the extensive restructuring unveiled last week

Board approves issue of debentures

The development acquires significance since Vedanta's holding company, Vedanta Resources, will receive nearly 70 per cent of the dividend to be distributed

In a Q&A, Srivatsan Iyer talks about his firm's expansion plans in new segments and what the equity investment by KKR means for the company

Adoption of FY21 and FY22 financial statements and new statutory auditors not accepted at AGM

The successful listing follows a strong response to the company's maiden share sale, which had garnered nearly 57 times subscription last month

REC Ltd will seek shareholders' approval to raise up to Rs 75,000 crore through issuance of bonds next week. The funds are proposed to be raised through issuance of debentures on private placement basis during a period of one year from the date of passing of the resolution, in one or more tranches, as per the AGM notice. The limit of Rs 75,000 crore shall be within the overall revised borrowing limit. The annual general meeting (AGM) of shareholders is scheduled for September 16, 2022. REC will also seek shareholders' approval to authorize the board to mortgage/create charge on immovable and/or movable properties of the company, for securing loan up to Rs 4,50,000 crore.

Indian origin Canadian billionaire Prem Watsa's Fairfax India Holdings promoted CSB Bank will seek shareholders' nod later this month to extend interim head Pralay Mondal's term till a regular MD & CEO is appointed. CSB Bank will seek shareholders' nod for Mondal's appointment at the 101th Annual General Meeting (AGM) to be held on September 27, 2022, the private sector lender said in its annual report 2021-22. He was appointed as the interim MD & CEO with effect from April 1, 2022 for a period of three months and further got an extension from July 1 till September 30. Mondal was elevated as the deputy managing director of south-based CSB Bank from February 17, 2022 from the position of president (Retail, SME, Operations, and IT) up to February 16, 2025. With a banking experience of around 30 years, prior to joining CSB Bank, he worked at Axis Bank, Yes Bank, HDFC Bank and Standard Chartered Bank, among others. Former MD & CEO C V R Rajendran stepped down in March 2022 in .

Tycoon's three children, Akash, Isha and Anant, to lead separate business

Shareholding of high networth individuals (HNIs) - those holding shares worth more than Rs 2 lakh in a company - also declined to 2.08 per cent as on June 30, from 2.21 per cent on March 31

After Uber sold its 7.8 per cent stake worth over $390 million in Zomato, the Deepinder Goyal-run company said on Wednesday it is not privy to what its shareholders are doing with their shares.

Chairman Deepak Satwalekar tells investors at AGM that the firm's network penetration and brand strength saw its decorative business deliver 31% growth by volume and 36% by value in FY22

Goel's ouster from Dish TV board will require another resolution

Future Group companies would convene meetings of their respective shareholders and creditors between April 20 and April 23, 2022

Axis Bank on Tuesday said The Oriental Insurance Company has been categorised to public category from promoter category shareholder in the bank