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Majority of institutions vote against fresh term for Baba Kalyani as Bharat Forge MD
Majority of institutions vote against fresh term for Baba Kalyani as Bharat Forge MD
According to the voting results published on the BSE, 53.51% of institutional investors' votes was against the resolution, while 46.49% votes were in favour. Kalyani will however retain the post of the company's managing director as the special resolution went in his favour thanks to the dominant promoter group votes.
According to the voting results published on the BSE, 53.51% of institutional investors' votes was against the resolution, while 46.49% votes were in favour. Kalyani will however retain the post of the company's managing director as the special resolution went in his favour thanks to the dominant promoter group votes.