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Articles for Demerger, search results for plan

Over 99% of ITC's minority shareholders approve hotel business demerger
6 months, 2 weeks ago

Over 99% of ITC's minority shareholders approve hotel business demerger

Hindustan Times  

ITC’s shareholders approved the plan to separate or demerge the hotel business, Reuters reported. As per media reports, proxy advisory firms Stakeholders Empowerment Services and InGovern Research Services last month asked shareholders to support the demerger proposal, while Institutional Investor Advisory Services opposed the move, the article read. "ITC must provide greater clarity with respect to the size of the …

Hotel Itc
Vedanta Shares Rise Over 4% On Demerger Plan; Know What Analysts Say About The Stock
1 year, 2 months ago

Vedanta Shares Rise Over 4% On Demerger Plan; Know What Analysts Say About The Stock

News 18  

Vedanta Demerger: Vedanta shares gained on Tuesday after the company approved restructuring that includes demerger of its diversified business into six separate listed companies. As part of the arrangement, shareholders will get one share each in the five new listed entities for every share held in Vedanta Ltd. Here’s how the demerged businesses would look like: Vedanta Ltd: The currently …

Business Share Vedanta One Share
AGL Energy abandons plans to demerge coal generation business
2 years, 6 months ago

AGL Energy abandons plans to demerge coal generation business

ABC  

AGL Energy has abandoned its plans to demerge its coal-focused generation business and has announced its chief executive Graeme Hunt and chairman Peter Botten will leave the company. Key points: Atlassian founder Mike Cannon-Brookes, who is the company's largest shareholder, was among those calling for the demerger to be dumped There is now a strategic review and AGL's chief executive …

Energy Board Shareholders Coal Company Strategic Paris
Tech billionaire Mike Cannon-Brookes becomes AGL’s largest shareholder
2 years, 7 months ago

Tech billionaire Mike Cannon-Brookes becomes AGL’s largest shareholder

ABC  

Tech billionaire Mike Cannon-Brookes has acquired more than 11 per cent of AGL Energy, becoming its largest shareholder. Key points: Mr Cannon-Brookes acquired an 11.28 per cent stake in AGL He intends to use his stake to vote against a proposed demerger of the company AGL rejected a takeover bid by the tech tycoon earlier this year In a letter …

Energy Demerger Agl Shareholder Vote