Fortis board directors urge shareholders to take 'informed decision'

Fortis has called for an extraordinary general meeting (EGM) on May 22 to vote on the resolution of removal of four Fortis board directors

Right ahead of the Fortis Healthcare Ltd (FHL) board meet on May 10 to decide the fate of binding bids, four directors on the board of FHL have written to all shareholders urging them to take an 'informed decision' while voting on the matter of their removal. 

Two minority shareholders of the company had sought the removal of these directors last month. Fortis has called for an extraordinary general meeting (EGM) on May 22 to vote on the resolution of removal of these directors. 

East Bridge Capital and Jupiter India Fund, minority shareholders of Fortis, had called for the removal