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Idea AGM on June 30 to decide MD Kapania's pay, raising Rs 10,000 crore

Kapania's pay is more than the prescribed limits in view of loss in the last financial year

Press Trust of India  |  New Delhi 

Idea Cellular in its annual general meeting (AGM) to be held on June 30 will decide on a waiver to recover the excess pay of around Rs 3 crore from its Managing Director Himanshu Kapania, which is more than the prescribed limits in view of loss in the last financial year (FY). The telecom operator will also decide on raising of Rs 10,000 crore debt on a private placement basis in the AGM. "...Approval of the members of the company be and is hereby accorded to ratify and confirm the waiver of the recovery of the excess remuneration amounting to Rs 3,05,35,524 paid to Himanshu ...


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First Published: Wed, June 07 2017. 21:17 IST