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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’.

Disclaimer: The information/opinions expressed in this report/newsletter are those of the author. This website has not verified the accuracy of the claims made in the report/newsletter, nor does it agree or disagree with or endorse any information/opinions contained in this report/newsletter.

For more please read the attached report.

 

Attachments : Mannapuram AGM 2 August 2012 IIAS Recommendations.pdf
 
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