Reliance Capital will be a financial shareholder in Reliance Home Finance and Reliance Commercial Finance.
Altico said Sanjeev Agrawal has the full backing of the board of directors.
The promoters are willing to amend the Article of Association, allowing new shareholders to get a board seat.
The first tranche of $82 million has already been disbursed, of which half is from IFC’s own account.
The income tax department is probing possible tax violations by Jet Airways.
No investor will be ready to take on past liabilities if investigations are going on, said sources.
Shaparia currently serves as the Asia Pacific Head of Trade Finance & Cash Management for Corporates for Regional Operations at Deutsche Bank (China
The decision to raise funds through rights issues comes after the domestic lenders decided to convert existing debt into 114 million shares at a consi
Reserve Bank of India came down heavily on the bank for failing to cut the shareholding of its non-operating financial holding company to 40%.
Experian was set up in 2010 by Gus Holdings BV, Netherlands, and some domestic public and private sector banks and non-banking financial companies to
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