Strides Shasun Ltd (Stride), is a vertically integrated global pharmaceutical company headquartered in Bangalore. Stride has four business verticals, viz., regulated markets, merging markets, institutional business and...
NCLT PUTS INNOVENTIVE INDUSTRIES ON LIQUIDATION COUNTDOWN
Innoventive Industries, India’s first company to be tried under the new Insolvency and Bankruptcy Code, has failed to finalize a debt resolution plan in the stipulated six months, prompting the National Company Law...
IndusInd-Bharat Financial: Reaching bottom-of-the-pyramid customers
Signaling consolidation in the private banking space, IndusInd Bank and Bharat Financial Inclusion Ltd (BFIL), formerly known as SKS Microfinance, are in the final stage of merger talks. The two companies have signed an...
Igarashi Motors India plans amalgamation
On May 27 2017, the Board of Directors of Igarashi Motors India Ltd at their meeting approved the amalgamation of Agile Electric Sub Assembly Private Limited with the company and pursuant to the scheme, the company will...
BACL merges two group holding cos to increase shareholders’ value
On June 12, 2017 Bengal and Assam Company Ltd announced the scheme of arrangement between Florence Investech Ltd., BMF Investments Ltd., J.K. Fenner (India) Ltd., and Bengal and Assam Company Ltd. Bengal & Assam...
IS ALL ADVANCE AMOUNTS TO LOAN?
Term loans and advances as defined in Banking Regulation Act can be used interchangeably. The act defined “secured loan or advance" means a loan or advance made on the security of assets the market value of which is not...