RIO DE JANEIRO (Reuters) - Shareholders of Brazilian mobile phone operator Oi on Monday gave a nod of approval to new board chairman Eleazar de Carvalho and the rest of the slate of new board members proposed by the company.
The shareholders' meeting is a key step in sorting out the reorganized firm's governance and formalising the 4 billion reais ($964 million) capital increase. It filed for bankruptcy protection in 2016 after buckling under 65 billion reais of debt.
($1 = 4.15 reais)
(Reporting by Rodrigo Viga Gaier; Editing by Chizu Nomiyama)
This story has not been edited by Firstpost staff and is generated by auto-feed.
The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
Updated Date: Sep 18, 2018 00:05:48 IST