Indian companies facing wave of shareholder activism

by Amy Kazmin for Financial Times

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Diageo is the latest in a string of companies to feel the force of investor displeasure in India, as the country experiences a surge of activism by minority shareholders.

Last week the world’s largest spirits group was dismayed when minority shareholders of United Spirits, its recently acquired Indian subsidiary, rejected a proposal to make, sell and distribute spirits with some of the brands of its UK-based parent company. Critics said the plan lacked the financial details needed for a genuine assessment. Read more here.

 

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