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

Majesco establishes finance committee

Blog

Insight Weekly: Fed's policy stance; overdrafts under scrutiny; energy stocks rally

PODCAST

Episode 19: Network Transformation

PODCAST

Episode 18: Data that Delivers

Blog

NOS Portugal, Telenet Belgium lead way on 3-, 4-play bundle take-up in Western Europe


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.