IDFC's investors disapproved the company's proposal of re-pricing stock options of employees, or ESOPs. This action reflects the growing voice of the investors once ignored India INC to a great extent. The proposal to lower the price of Esop was apparent to prevent the interest of the investors, but it aggravated proxy advisory firms and shareholder activists. IDFC only managed to obtain 70% approval of the non-promoting shareholders against the mandatory75% for a special resolution. Co-founder of