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Tata Steel shareholders appoints Price Waterhouse as auditor

Steel News - Published on Fri, 11 Aug 2017

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Business Standard reported that a Tata Steel release to the stock exchanges on Wednesday said the shareholders of the company passed resolutions at the annual general meeting appointing Price Waterhouse & Co as the company’s statutory auditor and Deepak Kapoor as independent director.

About 99.99% of the shareholders voted in favour of appointing Price Waterhouse, while 99.81% were in favour of appointing Kapoor as an independent director.

Mr Kapoor retired from PricewaterhouseCoopers in December last year.

Tata Steel shareholders also appointed Tata Sons chairman N Chandrasekaran as director on the board. Chandrasekaran is also chairman of Tata Steel.

Shareholders also approved of a non-convertible debentures issue by private placement not exceeding INR 10,000 crore.

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Posted By : Ratan Singh on Fri, 11 Aug 2017
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