Dec 30, 2021 03:16 PM IST
Dutta said that while at the moment, flight bookings have taken a hit given the outbreak of the Omicron variant of COVID-19, the aviation industry in India is still showing strong signs of recovery and any fall in bookings is likely to be temporary.
- Dec 29, 2021 02:56 PM IST
The two largest shareholders, Rahul Bhatia and Rakesh Gangwal, have convened an EGM to present a resolution that removes restrictions on the transfer of promoter shares, among other things. If it is accepted, it would end the dispute between the two.
- Dec 09, 2021 03:08 PM IST
The eyeball to eyeball confrontation between the airline's promoters Rahul Bhatia and Rakesh Gangwal may finally end if the EGM removes restrictions on the transfer of promoter shares.
- Oct 21, 2021 04:38 PM IST
Counsel appearing for Zee said the company will inform the date of the EGM by the morning of October 22. The Bombay High Court on October 21 asked the company to call a meeting as requisitioned by Invesco
- Oct 06, 2021 02:43 PM IST
The NCLT had directed Zee to file a reply by October 7 on Invesco's plea seeking a legal order for an extraordinary general meeting.
- Oct 05, 2021 03:17 PM IST
The manner in which Zee rejected the call for an extraordinary general meeting, as sought by the largest shareholder Invesco Developing Market Funds, point towards a "classic case of forum shopping", advocate Janak Dwarkadas said.
- Oct 01, 2021 02:25 PM IST
Zee board rejects demand from Invesco to convene extraordinary general meeting, citing "multiples legal infirmities".
- Sep 29, 2021 11:04 PM IST
Invesco has moved NCLT against Zee for its failure to hold an EGM to reconstitute board. Experts suggest Zee still has a few days to comply with EGM rules. Invesco responded to Moneycontrol’s query for taking legal action, following is the full response.
- Sep 29, 2021 09:56 PM IST
As per rules, the ZEEL board has time up to October 2 to call for an EGM, as requisitioned by Invesco and another 21 days to hold it. EGM has to be called within 45 days with a 21-day notice period. So, the company can push it to a maximum period of 24 days from receipt of investor request.
- Sep 27, 2021 03:50 PM IST
Zee Entertainment’s board has time till October 2 to call for an EGM and another 21 days to hold it. Invesco’s letter to the board reiterates the demand for an EGM for the re-constitution of the board, and questions the board on the strategic decision of September 22 to explore a merger with Sony.
- Jun 14, 2021 10:22 AM IST
Osamu Nagayama made the comments at a news conference broadcast online, a day after the crisis-hit conglomerate said two board members and two executives are stepping down, following an explosive investigation that revealed the company had colluded with the government to pressure shareholders.
- Sep 20, 2020 02:19 PM IST
The bank had in August said it plans to issue fresh equity shares up to an amount of Rs 8,000 crore in such a way that the government's shareholding does not fall below 51 percent
- Apr 16, 2020 09:20 AM IST
Suzlon Energy on Wednesday said its board would decide on April 18 about convening a fresh extraordinary general meeting, which was to be held in the day.
- Mar 01, 2017 10:02 AM IST
The company's extra-ordinary general meeting (EGM) to be held on March 25 to consider issue of 2.35 crore equity shares to 2 promoter companies i.e. Aisa International & Amtek Laboratories on preferential basis.
- Mar 01, 2017 09:31 AM IST
The company's EGM is scheduled to be held on March 23 to consider issue of 44 lakh equity shares to Amtek Auto at Rs 100 per share and 24 lakh warrants to Amtek Auto at Rs 100 each on preferential basis.
- Feb 16, 2017 09:32 PM IST
The Cyrus Mistry camp on Thursday withdrew its recent application with NCLAT seeking clarification on the forum's order that rejected its plea for a stay on shareholder meeting called to remove him from the Tata Sons board.
- Jan 06, 2017 04:58 PM IST
Hindustan Construction Company today said that the shareholders have approved conversion of loan into equity shares or optionally convertible debentures pursuant to implementation of RBI's scheme for sustainable structuring of stressed assets.
- Jan 06, 2017 12:24 PM IST
Tata Sons had abruptly removed Mistry as its Chairman on October 24 and sought his ouster from operating companies like Tata Motors and TCS. Mistry subsequently resigned from the board of six companies, but dragged Tata Sons and his interim successor Ratan Tata to the National Company Law Tribunal.
- Dec 24, 2016 10:36 AM IST
According to a regulatory filing by Tata Chemicals, out of the total of 25.48 crore shares of the company, 14.91 crore shares were voted. Out of this, 11.28 crore were in favour of the resolution to remove him.
- Dec 23, 2016 08:24 AM IST
Tata Chemicals will be holding its EGM later today. On the agenda is the removal of Cyrus Mistry which is likely to be declared reducent. Shareholders will also be voting on the resolution to remove Nusli Wadia as director of the board.
- Dec 22, 2016 10:32 PM IST
The Tata Motors Extraordinary General Meeting (EGM) concluded today where the shareholders voted on independent director Nusli Wadia‘s fate on the board, result of which will be declared tomorrow, reports CNBC-TV18‘s Farah Bookwala Vhora.
- Dec 22, 2016 10:16 AM IST
Nusli Wadia has said that his removal from Tata Steel was not linked to performance as a board of directors had evaluated his performance in previous meeting, sources tell CNBC-TV18.
- Dec 22, 2016 08:22 AM IST
Tata Steel‘s marathon EGM wrapped up after six hours last evening. About 90.8 percent shareholders voted for the removal of Nusli Wadia as director â€“ a verdict that was largely on expected lines.
- Dec 21, 2016 08:40 AM IST
Tata Sons had lined up EGM's for its various companies for this week to remove Cyrus Mistry and Nusli Wadia. Mistry on Monday had resigned from the boards of six listed companies.
- Dec 20, 2016 04:08 PM IST
A day after Cyrus P Mistry's sudden decision to quit from the boards of six Tata group companies, Indian Hotels Company Ltd (IHCL) shareholders at the EGM today expressed concern over his taking the battle to the courts.