Immediately after being nominated minority shareholder by a group of companies, Fortis Healthcare set an Extraordinary General Meeting on May 22. The meeting will be attended by the minority shareholders.
Also Fortis minority shareholders National Westminster Bank Plc, East Bridge Capital Master Fund Ltd and East Bridge Capital Master Fund I Ltd had nominated three new additional independent directors namely; Espandere Advisors Co-founder Suvalaxmi Chakraborty, JM Financial Services Singapore Chairman Rajiv Rajagopal and Former President and CFO of Ranbaxy Laboratories Indrajit Banerjee.
Fortist will be holding this EGM with an objective "to consider the resolutions proposed" by the shareholders, who want to remove four of the company's existing board members-Brian Tempest, Harpal Singh, Sabina Vaisoha and Tejinder Singh Shergill.