Sunday, January 04, 2009

Gujarat govt scheme fails at GNFC too

I noted in my last post that a resolution authorising the company to donate upto 30% of pre-tax profit to a social sector fund proposed to be created by the state government, a Gujarat PSU, had failed to muster the necessary shareholder support. The same thing has happened at GNFC, a company in which the Gujarat government has an indirect 41% stake.

Sandeep Parekh has the details at his blog.

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