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DAMANI NIXES BAT PICK FOR CHAIR OF VST INDUSTRIES
December 23, 2024
|Hindustan Times Haryana
Top billionaire investor and D-Mart promoter Radhakishan Damani opposed the candidate for chairmanship proposed by British American Tobacco (BAT) for its Indian unit VST Industries Ltd, leading to his rejection at a shareholder vote, according to voting disclosures and an executive privy to the development.
NEW DELHI:
Opposition from Damani, who owns nearly a third of India's third largest cigarette maker, marks a rare episode of opposition from the investor who holds more than 1% shares in 11 publicly listed companies.
BAT, the promoter of VST Industries with 32.16% shareholding, first appointed its executive Naresh Kumar Sethi as director on the board of the Hyderabad-based cigarette maker in November 2018.
هذه القصة من طبعة December 23, 2024 من Hindustan Times Haryana.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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