Clipped from: https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/jet-airways-consortium-approves-kalrock-murari-jalan-backed-resolution-plan-for-airline/articleshow/78717590.cms Anirban ChowdhuryEditor, The Economic TimesSynopsis The resolution professional in charge of Jet, Grant Thornton’s Ashish Chhawchharia, confirmed the same to ET. Jet stopped
Category: IBC-SEBI
Don’t leave shareholders of stressed cos in the lurch – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/dont-leave-shareholders-of-stressed-cos-in-the-lurch/article31925626.ece Hopes of better valuation post takeover a pipe dream Last week, shareholders of Adhunik Metaliks, who were hoping for a better deal from
‘Professionally-run’ Ashok Leyland shrugs off feud in Hinduja family – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Ashok Leyland is betting big on the modular truck platform Avtr× CEO says company will stick to its business plans Ashok Leyland on
Resolving the delisting stand-off – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Delisting offers often get thwarted by investors placing outlandish bids or promoters gaming the numbers. A fix must be found It is not
Centre looking at one-time loan rejig plan for non-MSME businesses – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Union Finance Minister Nirmala Sitharaman – PTI Union Finance Minister Nirmala Sitharaman – PTI× Govt in talks with RBI to work out a
Delisting spree: Investors in India betting on which companies will be next | Business Standard News
Clipped from: https://www.business-standard.com In the last two months, the majority owners of Vedanta, Adani Power, and Hexaware Technologies have proposed buying out all publicly traded shares
Moratorium hides asset health of PSBs, helps banks post lower NPAs | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/moratorium-hides-asset-health-of-psbs-helps-banks-post-lower-npas-120062600028_1.htmlCanara Bank and Punjab National Bank have up to 30 per cent of their loan book under moratorium The results of public sector banks (PSBs) for
Sebi relaxes pricing norms for preferential issues of listed companies | Business Standard News
Clipped from: https://www.business-standard.com The new pricing formula for allotment of shares under the preferential issue will be higher of the average 12-week price or 2-week price.
One-time loan recast for India Inc may come up at Friday’s RBI board meet | Business Standard News
Clipped from: https://www.business-standard.com The virtual meeting of the central board will be its first since the outbreak of Covid-19 Finance Minister Nirmala Sitharaman said on Thursday
Short-term relief: Easier norms for firms to raise funds – The Financial Express
Clipped from: https://www.financialexpress.com At a board meeting, the regulator allowed companies to acquire shares via bulk and/or block deals, during open offers, and also amended the
JSW Steel seeks time till March to close BPSL deal – The Economic Times
Clipped from: https://economictimes.indiatimes.com The company has sought “flexibility up to March 31, 2021, for implementation” of the Rs 19,700 crore resolution plan due to the “dislocation
Vasan Health creditors move NCLT seeking adjudication – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com A batch of 10 unsecured financial creditors, presumably private financiers of Vasan Health Care, have moved the National Company Law Tribunal seeking adjudication
Three year old Amtek Auto case nears completion – The Economic Times
Clipped from: https://economictimes.indiatimes.com The three year old case for the resolution of bankrupt Amtek Auto could finally see completion this week after the Supreme Court (SC)
Softening the Covid blow: MCA again extends timeline for creation of a deposit repayment reserve by 3 months – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Also allows three more months for India Inc to invest 15% of maturing debentures in liquidity instruments The Corporate Affairs Ministry (MCA) has
Operating without a code: Suspension of IBC okay, but there’s scope for further fine-tuning – The Financial Express
Clipped from: https://www.financialexpress.com/ In anticipation of the suspension of the Insolvency Code, the stakeholders had already voiced their opinion against taking away the ability of a
Foreign buying in some firms may breach FDI limits in subsidiaries — The Economic Times
Clipped from: https://economictimes.indiatimes.com Foreign buying in some firms may breach FDI limits in subsidiaries New rules allow full foreign ownership in listed companies unless the firm
Easier equity funding | Business Standard Editorials
Clipped from: https://www.business-standard.com Sebi’s move a relief for cash-strapped companies The Securities and Exchange Board of India (Sebi) last week released an amended set of guidelines on takeovers
Sebi’s sensible move on promoter stake
Clipped from: https://economictimes.indiatimes.com It is welcome that capital markets regulator Securities and Exchange Board of India (Sebi) has eased fund-raising norms for listed companies, amidst the
Limited liability should mean something–Economic Times
The concept of limited liability arguably underpins the upsurge in prosperity since the Industrial Revolution. The facility of limiting one’s risk in an enterprise to
DHFL Q4 loss widens to ₹7,635 crore on fair value changes in loan portfolio – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com The net loss of scam-hit Dewan Housing Finance Corporation Ltd (DHFL) widened in the fourth quarter of FY20 to ₹7,635 crore, against ₹2,223 crore in
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