This came less than a month after RateGain Travel Technologies Ltd saw 68.4% of public institutions reject a proposal. In September, Zomato faced the ire of public institutions, with 63.4% of them voting against a similar proposal. “We hold the highest regard for all our valued shareholders, including retail investors, public non-institutions and public institutions." But 79.5% of public institutions, which owned less than 10%, voted against the resolution. Zomato, the food delivery company that went public last year saw 63.4% of public institutions, who together owned 15.7%, vote against the decision to amend the Articles of Association.

Source: Mint April 04, 2022 21:31 UTC