Banking Central | Who will win universal bank licences in this round? Moneycontrol 1 hour ago © Dinesh Unnikrishnan Banking Central | Who will win universal bank licences in this round?
A government-owned co-operative bank, a non-banking finance company (NBFC) backed by an internet entrepreneur, a veteran foreign banker and a company engaged in remittance services are among those who have sent in their applications to the Reserve Bank of India for on-tap universal bank licences.
Two names that stand out in the mix are internet billionaire Sachin Bansal and former Citi banker Pankaj Vaish. Bansal’s Chaitanya Fin Credit has been trying for a full-services banking permit for a while. If it gets the nod, Chaitanya will be only the second Indian microlender morphing into a bank. The other is Chandra Shekhar Ghosh s Bandhan Bank, which got the go-ahead in 2013-2014.
અનિલ અંબાણીએ જે કંપની માટે દીકરા અનમોલને ગણાવ્યો હતો લકી, હવે આ છે હાલત | anil ambani son lucky charm anmol ambani led reliance capital debt company share investor loss
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Deal called off due to delay in receiving approval from MIB
13 Apr, 2021 - 02:25 PM IST | By indiantelevision.com Team
MUMBAI: Jagran Prakash s Music Broadcast, which owns and operates Radio City, has terminated its deal with Reliance Broadcast Network Ltd (RBNL) for the acquisition of Big FM. The Rs 1,050-crore deal has been called off as both parties have not received approval from the ministry of information and broadcasting (MIB).
It was in 2019 that Music Broadcast entered into definitive agreements with Reliance Capital, Reliance Entertainment Networks, and Reliance Broadcast Network. As the long stop date under the definitive agreements has expired, the acquisition deal between the parties also gets terminated.
The board of Music Broadcast has decided not to pursue the proposed investment in Big FM and the company will be terminating the definitive transaction documents with immediate effect.
On 12 June 2019, Music Broadcast had entered into definitive agreements with Reliance Capital, Reliance Entertainment Networks and Reliance Broadcast Network (RBNL).
The agreement was for initial acquisition of 24% equity share capital by the company in RBNL by way of a preferential allotment. Thereafter, subject to regulatory approvals, acquisition of 75.71% of the equity share capital held by the promoters in RBNL.
The approval for the proposed acquisition in Big FM was subject to clearance/approval from the Ministry of Information and Broadcasting (MIB), Government of India.
Firms/companies > R > Reliance Industries
Reliance Infra sells its Mumbai headquarters to Yes Bank for Rs1,200 cr in debt redumption
05 April 2021
The Anil Ambani-led Reliance Infrastructure has sold Reliance Centre, the premises housing the group’s headquarters, to Yes Bank for Rs1,200 crore as part of a debt repayment process.
Reliance Infrastructure Limited (RInfra) and Yes Bank Limited (Yes Bank) on Thursday announced the sale transaction of Reliance Centre, Santacruz, Mumbai to Yes Bank. The transaction value is Rs 1,200 crore, Reliance said in a stock exchange filing.
“Entire proceeds from the sale of Reliance Centre, Santacruz, is utilized only to repay the debt of Yes Bank”, as per the stock exchange filing.
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