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Keki Mistry: Deepak Parekh to Remain as HDFC Chairman; Don’t Know How Many Funds Voted Against Him

585 views · Published 31 July 2018 · 10:27 · Indexed 23 October 2026

Channel: CNBC-TV18 · 2018 · News & Politics

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In a stunning development at HDFC's shareholders meet at Mumbai on Monday, a major foreign fund is believed to have voted against the continuation of Deepak Parekh as chairman.

Parekh got around 22 percent negative votes and 77 percent votes in his favour. Foreign institutions investors (FII) own nearly 72 percent in HDFC.

Other directors such as MD and VC Keki Mistry and director JJ Irani got more positive votes.

"We don’t know how many funds have voted against the continuity of Deepak Parekh," Mistry told CNBC-TV18. "All we know is that the e-voting takes place and based on that we get the numbers at the end of the year."

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