Tata Capital postal ballot approves RPT with Tata Steel
TATACAP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.4 pts more than Nifty 100 and 1.3 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Tata Capital shareholders approved a Material Related Party Transaction with Tata Steel via postal ballot with 99.98% votes in favour. Of the 4,24,48,69,037 total shares, 29,55,97,800 voted in favour and only 45,837 against. Promoter group did not vote. Scrutinizer P.N. Parikh confirmed the result. Out of 12,63,871 shareholders, 5,709 voted in favour and 225 voted against.
Routine governance filing. Shareholders have cleared a related party transaction with Tata Steel, a Tata group company.