The breakfast cereal giant has kick-started discussions with iconic Haldiram's for a mega alliance.
If section 10A2A (ii) of Banking Act gets triggered, Kapoor’s term as a director may face scrutiny.
The plea was filed against other stakeholders in the mutual fund -- SBI, PNB, BoB and LIC.
The proportion of shareholding will see Ford's holding at 49% and M&M's stake 51%, the channel claimed.
ReNew is an independent power producer with over 5,600 MW of commissioned and under construction clean energy assets.
The Fortis Open Offer is expected to commence in August / September 2018 subject to certain conditions, including customary regulatory approvals including CCI, Sebi and the RBI.
The panel has recommended a reduction in the voting threshold from the existing 75% to 66% for critical actions like approval of the resolution plan among others.
Around 35% stake of the Hyderabad-based firm is being sold. General Atlantic, Warburg Pincus, Apax Partners and Temasek among interested bidders.
"Glenmark is looking to sell its portfolio of brands in the orthopedic segment to raise funds in a bid to reduce its debt and invest funds in its US business," said one of the sources.
Manipal Hospitals is widely considered as the front-runner for a potential merger with debt-laden Fortis Healthcare.
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