Several global CFO’s EY polled also articulated the need for a ‘change of culture’ in their finance teams especially regarding the team’s approach to matters concerning transparency and a greater willingness to question boards and management on the quality of disclosures.
Ace stock market investor says IHH Healthcare's open offer for Fortis is fair and should be allowed.
The government appointed Sharma in October 2018 to manage the transition of the bank’s ownership to Life Insurance Corporation of India.
Banks have to investigate an RFA and form an opinion on whether there’s fraud within a period of six months.
Videocon Industries owns a stake in the prized Ravva oil field in the Krishna-Godavari basin.
The process to find a buyer for Videocon started in August. All parties have submitted formal expressions of interest (EoI) and will soon start due diligence.
In the market, three PE firms in race make offers for acquiring up to 44% in SRL, valuing the diagnostics arm of Fortis at Rs 3,700-4,200 crore, though deal size will depend on quantum of stake finally acquired. Incoming investors will have to fork out at least Rs 1,750 crore but the final deal size will depend on how much stake they eventually acquire
In a letter on Thursday addressed to Deloitte’s Anish Nanavaty, the court-appointed resolution professional for RCom, Bharti senior executive Harjeet Kohli said his company had on October 31 sought an extension of the November 11 deadline for submission of bids to December 1. The request was denied, he said.
Bharti group and private equity firm Varde Partners have submitted their bids for assets of RCom. The deadline extension was granted in anticipation of other suitors joining the fray.
Ageas recently bought a 49 per cent stake in Royal Sundaram General Insurance.
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