Proxy advisors vote against Strides Pharmaβs consolidation scheme
Proxy advisory firms Stakeholders Empowerment Services (SES), Institutional Investors Advisory Services (IiAS) and Institutional Shareholder Services (ISS) recommended that investors vote against a proposal to consolidate certain businesses of Strides Pharma Science and two group companies, claiming the valuation assigned to one of the unlisted affiliates to be high. Listed Strides Pharma is seeking shareholder…
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