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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Unicom’s Prospects Ride on Ecomm Rise
ET Intellligence Group: Unicommerce eSolutions, which provides ecommerce-related software solutions, plans to raise up to βΉ277 crore through an offer for sale. The promoter group stake will fall to 23.6% after the IPO from 48.6% excluding any Esop adjustments. AceVector, which also owns Snapdeal, is the major promoter of Unicom. The company counts Mamaearth, Lenskart,…
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