Thank you everyone for sharing your thoughts. Very insightful discussion.
I had questions regarding the current board structure and incentive for current management to perform. If we look at the current shareholding pattern, HDFC Bank and LIC are the biggest shareholders followed by Seafarer Overseas Growth & Income Fund and Ashish Parthasarthy.
Following are concerns:
-
No entity has any significant share to be sufficiently incentivized and have skin in the game. Am I correct in my inference or there’s some other agreements/details that I am missing?
-
Previously, Warburg was the majority shareholder (around 30%). Unlike Warburg which operates as active investor, HDFC and LIC seems like passive investors. Does this mean that the board oversight over management, business plans, and objective will get impacted?
It’ll be great to get some perspectives on these.
Thank you.
| Subscribe To Our Free Newsletter |
