HomeNewsBusinessPromoters, shareholders clash over ouster of TPG’s Puneet Bhatia from Shriram Transport Finance board
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Promoters, shareholders clash over ouster of TPG’s Puneet Bhatia from Shriram Transport Finance board

Shareholders voting against the re-appointment of a director is rare. But that’s what STFC shareholders did at a recent AGM against the renaming of Puneet Bhatia to the NBFC’s board, sending a strong message to directors about their roles. But STFC’s promoters are holding firm. The event signals that shareholders are taking their power to vote and proxy advisors seriously.

Dinesh Unnikrishnan
August 28, 2020 / 21:53 IST
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Dinesh Unnikrishnan
first published: Aug 28, 2020 06:55 pm

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