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Proxy advisory firms back Shriram Finance resolution for stake dilution in favour of MUFG
The Economic Times· 2026-01-07 15:10
The extraordinary general meeting has been called on January 14 to secure a nod for Last month, Japan's The first two resolutions are the preferential allotment of shares of 20 per cent shareholding to MUFG Bank and the grant of special rights to MUFG Bank. These are special resolutions requiring 75 per cent of votes cast.The third resolution is the USD 200 million non-compete fee being paid by MUFG Bank to the promoter entity, Shriram Ownership Trust (SOT). This resolution is an ordinary resolution with p ...