Shailesh Haribhakti, Chairman of Shailesh Haribhakti Associates, and Amit Tandon, MD of Institutional Investor Advisory Services (IIAS), say minority shareholders rejecting Linde India’s related-party deal with Praxair signals a strong pushback on governance and shareholder rights. Tandon says the vote reflects concerns over value protection, while Haribhakti argues the best solution is merging the two entities in India, as done globally, to resolve conflicts.