trending Market Intelligence /marketintelligence/en/news-insights/trending/kJr7kqXS7RPdzGiC53ejuA2 content esgSubNav
In This List

Majesco establishes finance committee

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix

Blog

Using ESG Analysis to Support a Sustainable Future


Majesco establishes finance committee

Majesco's board approved the formation of a finance committee to assess the company's issuance of additional securities and incurrence of long-term debt exceeding 20% of the company's net worth.

The finance committee will consist of three members, with two chosen from among board directors designated by India-based Majesco Ltd., which owns 70.13% of Majesco's common stock. The other member will be an independent and impartial director.

The board appointed Ketan Mehta and Sudhakar Ram from Majesco Ltd. and Earl Gallegos as the initial members of the finance committee.

The establishment of the finance committee satisfies Majesco Ltd.'s request for the right to nominate three directors to the company's board.