Comments
Ambuja Cement shareholders have approved all the proposals put forward by the promoters in the extraordinary general meeting held on Saturday.
Of the total number of shareholders as of the cut-off date was 507,482 and among them, 78 shareholders attended the meeting through video conference.
Karan Adani, Executive Director of the company, chaired the meeting in the absence of the Chairman and his father, Gautam Adani.
Related Stories
Adani pledges Ambuja, ACC stake to raise $13 billion
Non-disposal agreement will protect the pledge from being soldThe proposal to allow Adani Group company to invest ₹20,000 crore through the issue of preferential warrants was also voted in favour by 91 per cent of the voters. About 566 members polled 152.57 crore in favour of the investment proposal as against 447 members polling 14.41 crore votes against the proposal, accounting 9 per cent of the votes polled.
Among public institutions, 65 per cent voted in favour and 35 per cent voted the investment proposal.
Appointment of all the independent directors and board members were voted in favour.
All the Independent Directors, LIC Nominee Director, Ajay Kapur, whole-time director & CEO and Vinod Bahety, CFO were also present at the meeting.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.