It's clear Yesterday 's AGM of Hdfc Some Fii !(22%) voting against Deepak Parekh to remove from chairman ship Fii holding is 72% in Hdfc It's not about governance issue but Age Deepak Parekh is over 75 and Fii don't want him bcos of that
MUMBAI: US proxy advisory firm ISS had advised investors to vote against the resolution to reappoint Deepak Parekh as nonexecutive chairman of HDFC Ltd as he is on the boards of eight other companies and time constraints may prevent him from discharging his duties effectively.