IIAS: Vote Against Special Rights
Published on Thu, Jul 26,2012 | 09:28, Updated at Thu, Jul 26 at 09:34Source : Moneycontrol.com
In this report, proxy advisory firm IIAS has recommended shareholders vote against Manappuram’s resolution to accord special rights to a select group of investors.
IIAS says ‘in a listed entity, giving one set of shareholders certain preferential rights, is inimical to the interest of the other (public) investors’.
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For more please read the attached report.