Clipped from: https://www.thehindubusinessline.com/companies/freezing-of-3-fpi-acs-not-related-to-adani-group-clarifies-nsdl/article34824383.ece The National Share Depository Ltd (NSDL) on Tuesday clarified that the freezing of the accounts of the three foreign funds — Albula Investment
Category: IBC-SEBI
NSDL statement prevents a $500-million sell-off in Adani group stocks | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/nsdl-statement-prevents-a-500-million-sell-off-in-adani-group-stocks-121061501625_1.html Analysts said a freeze of the FPI accounts, as reported by some media outlets, could have prompted global index providers to cut weighting
Vedanta arm is paying almost nothing for Videocon group, says NCLT | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/vedanta-arm-is-paying-almost-nothing-for-videocon-group-says-nclt-121061600048_1.html Expresses surprise that Twin Star’s bid was so close to liquidation value Videocon Industries, saddled with a debt of Rs 35,000 crore, was
With Adani saying FPI ACs not frozen, ball in SEBI, NSDL court – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/with-adani-saying-fpi-acs-not-frozen-ball-in-sebi-nsdl-court/article34815638.ece Adani Group stocks tumble up to 25% With the Adani Group insisting that the demat accounts of the three foreign portfolio investors (FPIs)
Your Money: Of preferred shares and their many variants – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-money-of-preferred-shares-and-their-many-variants/2271381/ The category of preferred shares which require the carry forward of unpaid dividends are called cumulative preferred shares. In the case of non-cumulative
Rating companies form umbrella organisation in a first – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/rating-companies-form-umbrella-organisation-in-a-first/articleshow/83515227.cmsSynopsis This is the first time that such a self-regulatory body has been formed for rating agencies, like the ones for the mutual fund
Banks, borrowers dig in their heels over personal loan guarantees – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/banks-borrowers-dig-in-their-heels-over-personal-loan-guarantees/articleshow/83523395.cms SynopsisBanks say that they are demanding proper documentation because several promoters have parked their assets in a trustee company or moved proceeds of
DHFL case: CoC decision on shareof FD holders can set a precedent – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/dhfl-case-coc-decision-on-share-of-fd-holders-can-set-a-precedent/article34806278.ece?homepage=true NCLT says small investors should not face more risk than institutions Amidst the ongoing Covid-19 pandemic and job losses, the National Company Law
NCLT sets up monitoring panel for DHFL until Piramal Group’s resolution plan is implemented – The Financial Express
Clipped from: https://www.financialexpress.com/industry/insolvency-case-nclt-sets-up-monitoring-panel-for-dhfl-until-piramal-groups-resolution-plan-is-implemented/2270700/ The appointment of monitoring committee is typically done for the smooth implementation of the resolution plan. However, some experts are surprised at the
Ex-IL&FS group chief Ravi Parthasarathy arrested in Rs 1-lakh cr scam–business today
Clipped from: https://www.businesstoday.in/current/corporate/ex-ilfs-group-chief-ravi-parthasarathy-arrested-in-rs-1-lakh-cr-scam/story/441467.html EOW says Parthasarathy was heading IL&FS group that comprised more than 350 group firms, and they were channelised to as a “vehicle to
Kalrock-Jalan spar with DGCA over Jet slots at NCLT – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/kalrock-jalan-spar-with-dgca-over-jet-slots-at-nclt/article34782761.ece?homepage=true Landing slots are an important intangible asset for an airline The tussle over the historical slots of Jet Airways between the Kalrock-Jalan consortium
Despite the turmoil, DHFL buy is an opportunity for Piramal Group – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/despite-the-turmoil-dhfl-buy-is-an-opportunity-for-piramal-group/article34772463.ece The main attraction of DHFL for the Piramal Group is the scale of its operations and branch network Mortgage financier Dewan Housing Finance
CBI charges Gautham Thapar with ₹466-cr YES Bank loan fraud; searches premises – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/cbi-charges-gautham-thapar-with-466-cr-yes-bank-loan-fraud-searches-premises/article34773153.ece The Bank had complained of a diversion of ₹515-cr loan in 2017 to a Group power firm The Central Bureau of Investigation (CBI)
Ever wondered how much money has been recovered through IBC? Here’s the data – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/ever-wondered-how-much-money-has-been-recovered-through-ibc-heres-the-data/articleshow/83363743.cms Synopsis–Out of the total 4,300 cases that have been admitted to bankruptcy courts since FY17, only 8% has been resolved and nearly 40%
Reliance Home Finance debt resolution: Voting likely to be completed by June 15 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/reliance-home-finance-debt-resolution-voting-likely-to-be-completed-by-june-15/article34771492.ece?homepage=true The selection of the winning bidder will be from final and binding bids. The debt resolution of Reliance Home Finance is understood to
The ‘hearing aids’ helping corporate India to listen better | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/columns/covid-crisis-indian-economy-corporate-india-7350144/ Thanks to these six factors, a new breed of entrepreneurs is participating in the recovery of the Covid-hit economy. George Fernandes once said, “When
Despite the turmoil, DHFL buy is an opportunity for Piramal Group – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/despite-the-turmoil-dhfl-buy-is-an-opportunity-for-piramal-group/article34772463.ece?homepage=true The main attraction of DHFL for the Piramal Group is the scale of its operations and branch network Mortgage financier Dewan Housing Finance
No backdoor entry | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/no-backdoor-entry-121060801611_1.html Promoters should not be allowed to delay insolvency resolution The drama over Dewan Housing Finance Corp Ltd (DHFL) is another example of how
DHFL resolution: 63 Moons, FD holders to challenge NCLT order – The Financial Express
Clipped from: https://www.financialexpress.com/industry/dhfl-resolution-63-moons-fd-holders-to-challenge-nclt-order/2267773/ The firm wants the creditors of DHFL to receive the money, instead of the buyer (PCHFL), in case recovery happens in the alleged
Banks face ₹42,000-cr haircut as NCLT clears Vedanta firm’s ₹2,900-crore bid for Videocon – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/banks-face-42000-cr-haircut-as-nclt-clears-vedanta-firms-2900-crore-bid-for-videocon/article34763894.ece Anil Agarwal-backed company offers to pay ₹2,900 crore to lenders Banks will take a ₹42,000-crore haircut after the Mumbai Bench of the National
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