Such sale shall be for a price based on valuation and made either through strategic sale or slump sale.
That lender, now known as CSB Bank Ltd., has nevertheless been instructed to do an IPO and dilute Watsa’s stake.
As part of the agreement, Piramal Enterprises will issue and allot 1,15,894 CCDs at a face value of Rs 1.51 lakh.
Total remuneration paid to Mittal was about Rs 31 crore, while Vittal was paid Rs 20.9 crore.
Shareholders approved the re-appointment of Chandrasekaran with 98.65 per cent votes.
The allocation will include 79,529 Bharti Airtel Limited (BAL) equity shares of Bharti Airtel Fractional Share Entitlement Trust.
Renault had demanded additional representation on Nissan groups overseeing company auditing and personnel nominations.
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