PNB Housing shareholders approve appointment of CEO and other directors amid capital infusion controversy

The voting result on the capital infusion led has been kept in abeyance till July 5 following a Securities Appellate Tribunal (SAT) order, allowing the voting to take place. The mortgage lender had appealed to SAT after market regulator Securities & Exchange Board stopped it from seeking shareholders' nod on the issue before doing an valuation through any independent agency.

from Banking/Finance-Industry-Economic Times https://ift.tt/2SY0s7F