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  Business   Companies  19 Apr 2018  Group of shareholders seek removal of 4 directors: Fortis

Group of shareholders seek removal of 4 directors: Fortis

PTI
Published : Apr 19, 2018, 2:21 pm IST
Updated : Apr 19, 2018, 2:21 pm IST

Fortis stock was trading 1.28 per cent up at Rs 146.45 on BSE.

Company is evaluating the same and the same shall be placed before the Board of Directors in due course.
 Company is evaluating the same and the same shall be placed before the Board of Directors in due course.

New Delhi: Fortis Healthcare has said it received a notice from a group of shareholders including National Westminster Bank Plc and East Bridge Capital Master Fund seeking removal of four directors from the board.

In a regulatory filing, Fortis said the shareholders which have an aggregate of 12.04 per cent of the paid up capital of the company have sought removal of Brian Tempest, Harpal Singh, Sabina Vaisoha and Lt Gen Tejinder Singh Shergill from the board.

The company has received a special notice and requisition from National Westminster Bank Plc as Trustee of Jupiter India Fund, East Bridge Capital Master Fund Ltd and East Bridge Capital Master Fund I Ltd for calling an extra-ordinary general meeting, it added.

They have also sought appointment of Suvalaxmi Chakraborty, Ravi Rajagopal and Indrajit Banerjee as independent directors on the company's board, Fortis Healthcare said last night.

"The company is evaluating the same and the same shall be placed before the Board of Directors in due course, " it added.

Fortis stock was trading 1.28 per cent up at Rs 146.45 on BSE.

Tags: fortis healthcare, shareholders, board of directors
Location: India, Delhi, New Delhi