Read more about TVS Motor surges 6%, nears 52-week high after huge block deal on Business Standard. Around 24.4 million shares, representing 5.13 per cent of the total equity of TVS Motor Company, worth Rs 1,506 crore changed hands via block deal on the NSE, the exchange data shows
The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the Piramal Group’s resolution plan for Dewan Housing Finance Limited (DHFL). The order is subject to the outcome of the appeal in the appellate tribunal and the Supreme Court. Piramal’s plan offers to pay Rs 37,250 crore, with upfront cash of Rs 12,700 crore; it has already been approved by the committee of creditors (CoC), the Reserve Bank of India (RBI), and the Competition Commission of India (CCI). NCLT has asked the committee of creditors to allocate more funds to the fixed deposit holders and small investors, but ot has left the final decision to the CoC. It has also rejected the erstwhile promoter s plea to get a copy of the resolution plan.
CIRP against Aruna Hotels Limited stands withdrawn and cancelled equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Read more about DHFL back in the black, posts Rs 97-crore net profit in March quarter on Business Standard. While its committee of creditors as well as the RBI and the CCI, have given their approval to the resolution plan put forward by the Piramal Group, the plan is awaiting the NCLT
Read more about Tata Steel Mining gets successful resolution applicant for Rohit Ferro-Tech on Business Standard. Tata Steel Mining Limited (TSML) has been declared as the successful resolution applicant by the creditors of Rohit Ferro-Tech Limited, steel major Tata Steel said on Sunday.