IDFC First Bank's shareholders have rejected a proposal that would have allowed Warburg Pincus' arm, Currant Sea Investments BV, to nominate a non-executive director on the bank's board, failing to secure the required 75% majority. While institutional investors largely opposed the resolution, retail investors overwhelmingly supported it.
from Banking/Finance-Industry-Economic Times https://ift.tt/xM3tZXT
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