New York: Tesla will ask shareholders to vote again on the same $56 billion compensation package for chief executive officer Elon Musk that was voided by a Delaware court early this year. In its proxy filing issued Wednesday, Tesla said it will call a vote on moving the company’s state of incorporation to Texas from … Read more
Mumbai: ICICI Bank’s contentious bid to delist ICICI Securities (I-Sec) has been cleared by the broking arm’s public shareholders. In the voting process that ended on March 27, investors holding 71.89% of the lender’s shares favoured the proposal, while those owning 28.11% voted against it, paving the way for ICICI Securities’ delisting from the bourses. … Read more
Mumbai: Both the management and minority shareholders of India’s leading broking firm, ICICI Securities, are gearing up for the extraordinary general meeting (EGM) scheduled on March 27 for the firm’s delisting. At this meeting, approval for the company’s scheme of arrangements with ICICI Bank will be sought. While the company has engaged the services of … Read more
TKO Group Holdings exec Mark Shapiro said the company is “on the sideline” waiting to see if former Executive Chairman Vince McMahon will sell any more of his massive stock holding in the company. Shapiro, who is president and COO of TKO and holds the same title at its majority owner, Endeavor Group Holdings, noted … Read more
Mumbai: The Ahmedabad bench of the National Company Law Tribunal has cleared ICICI Bank’s proposed scheme of arrangements with ICICI Securities and directed it to conduct an extraordinary general meeting (EGM) on March 27 to seek approval from shareholders. The bank, in an exchange filing on Thursday, said it had received an order from the … Read more
