The promoters are willing to amend the Article of Association, allowing new shareholders to get a board seat.
CDEL is planning to sell promoter stake and assets of Sical Logistics. CDEL’s debt at the consolidated level is ₹4,400 crore.
The proceeds of the deal will be used to repay debts of CDEL.
Policy & Regulations
FPIs have been withdrawing from Indian equities after the finance minister introduced higher tax surcharge on the super-rich in the budget in July.
Raising more capital will be crucial for the bank if it has to comply with capital adequacy regulations.
Private equity giant Blackstone Group is learnt to be one of the top contenders to buy the Global Village Park.
On Wednesday, credit rating agency Icra placed the company on a watch with negative implications.
Yes Bank’s chief executive Ravneet Gill needs to urgently raise funds to shore up the lender’s capital buffers.
IPOs & Markets
The Yes Bank stock has been falling steadily since the RBI indicated in August that Kapoor’s term as the bank’s CEO would not be renewed after Jan
Differences cropped up between the cousins over a pact for joint development of land.
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