
Active listening: Boards must open-up
to investors
Florintree Advisors Private Limited (‘Florintree’) is the second fund in almost as many months to seek a seat on a company’s board: they have sought to appoint a director on the board of PTC India Limited. Before this, Unifi Capital Private Limited had sought to appoint a ‘small shareholder director’ on the board of Alembic Limited, in July. Meanwhile India Horizon Fund, together with IDBI Trusteeship, has gone all-in. It has moved the Delhi Bench of the National Company Law