INSUBCONTINENT EXCLUSIVE:
The voting results are surprising, Indian proxy advisory firm IiAS Founder Amit Tandon said.MUMBAI: Deepak Parekh was re-appointed as a
non-executive director on the board of the country's largest mortgage lender HDFC but nearly 23 per cent of the shareholders voted against
Results of the voting at the company's annual general meeting held here on Monday showed that 22.64 per cent of the shareholders were not in
favour of continuation of Parekh
As many as 77.36 per cent of the shareholders voted for Parekh's continuation as a non-executive director, according to the voting results
submitted by HDFC to the stock exchanges.A prominent voice of the industry and HDFC Chairman, Parekh has been at the helm of the mortgage
lender for close to three decades.The proposals to re-appoint J J Irani and Keki Mistry as directors on the HDFC board were also approved by
It could be on the advice of some proxy advisory firm but it is not clear what was the real reason for the opposition to Parekh's
is published from a syndicated feed.)
