Such concerns follow reports of lawsuits involving Erwin Singh Braich, a Canadian entrepreneur who alongside SPGP Holdings has committed $1.2 billion to the capital increase
Erwin Braich's troubled history will make it difficult for him to clear the "fit and proper" criteria for investments in banks, say analysts
the bank announced, on Friday evening, that its board had agreed to raise $2 billion from an assortment of investors
Finance Minister Nirmala Sitharaman spoke of the challenges in maintaining fiscal discipline, while comparing the Modi government's fiscal record with that of the Manmohan Singh government
On Friday evening, the bank had announced that its board had agreed to raise $2 billion from an assortment of investors
The board will meet again on Dec. 10 to approve a preferential allotment of shares to investors, none of which will receive more than a 25% stake in the bank.
Tea Board deputy chairman Arun Kr Ray said that this exercise is required for long-term sustainability of the industry as costs are rising and prices of tea have been flat at auctions
With this, the holding of Reliance Project Ventures and Management Ltd in Reliance Infra has come down from 30.05 per cent to 27.58 per cent, as per the filing.
Board of directors held marathon meeting which lasted over eight hours
On October 31, YES Bank had informed the exchanges that the bank had received a binding offer from a global investor for an investment of $1.2 billion in the bank
From September GDP data, SAT hearing on Karvy ban by Sebi to opposition parties and academicians attending slowdown conclave, Business Standard brings you the top news events of the day.
Yes Bank Ltd. is expected to name the investors and the amount of money they will contribute after its board signs off on the plan at a meeting on Friday
From December 1, 2019 all lanes of free plazas on national highways will be 'FASTag lanes'
So far, the lender has offloaded over 4.72 million shares of Reliance Capital
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YES Bank, on October 31, had informed the exchanges that the bank had received a binding offer from a global investor for an investment of US$ 1.2 billion.
More than a third of stocks in top 500 have witnessed reduced coverage
Since September, FPIs have pumped in net amount of Rs 37,496 crore, while domestic mutual funds invested net amount of Rs 12,618 crore in equities, Sebi data shows.
Shares of Reliance Capital Ltd ended 0.61 per cent higher at Rs 16.40 on the NSE
However, the buyer of the shares could not be ascertained