Mutual funds may oppose Grasim, Nuvo merger

Mutual funds hold 8.21 per cent stake in Grasim and 7.57 per cent stake in Aditya Birla Nuvo

Dev Chatterjee  |  Mumbai 

The mutual fund investors, who own a minority stake in Grasim and Aditya Birla Nuvo, are expected to vote against the proposal to merge both companies in the voting that began early this month and continue for a month. Both companies are, however, confident that they would be able to garner enough votes from shareholders to get the merger going. A top official of a leading mutual fund said there was no change in the merger proposal announced in August last year and the mutual fund would vote against the proposal even if other shareholders vote for the merger. One of the mutual ...

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Mutual funds may oppose Grasim, Nuvo merger

Mutual funds hold 8.21 per cent stake in Grasim and 7.57 per cent stake in Aditya Birla Nuvo

Mutual funds hold 8.21 per cent stake in Grasim and 7.57 per cent stake in Aditya Birla Nuvo The mutual fund investors, who own a minority stake in Grasim and Aditya Birla Nuvo, are expected to vote against the proposal to merge both companies in the voting that began early this month and continue for a month. Both companies are, however, confident that they would be able to garner enough votes from shareholders to get the merger going. A top official of a leading mutual fund said there was no change in the merger proposal announced in August last year and the mutual fund would vote against the proposal even if other shareholders vote for the merger. One of the mutual ... image
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