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Satia Industries Ltd to bid for BILT

Satia Industries Ltd to bid for BILT Posted On: 2020-12-21 00:47:48 (Time Zone: Arizona, USA) The Board of directors of Satia Industries Ltd in its meeting held today i.e. December 21, considered, approved and authorized Dr Ajay Satia, Chairman Cum Managing Director to make the bid for acquisition of Ballarpur Industries Limited which is under Corporate Insolvency Resolution Process (CIRP). The board authorized Dr Ajay Satia CMD and Sh Rajinder Kumar Bhandari, Joint Managing Director to negotiate and issue the appointment letter to Price Waterhouse Cooper private limited (PWC) as advisor to assist the Company for acquisition of Ballarpur Industries Limited under (CIRP).

Piramal, Oaktree slug it out as race for debt-laden DHFL intensifies

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Market Ahead, December 16: Top factors that could guide markets today

The US markets ended overnight trade with strong gains as optimism over a $1.4 trillion US spending package increased after House of Representatives Speaker Nancy Pelosi invited other top congressional leaders to meet late on Tuesday to hammer out a deal. Meanwhile, progress on vaccine rollouts continued after Moderna Inc’s Covid-19 vaccine appeared set for regulatory authorization this week. Overall, the Dow Jones rose 1.13 per cent, the S&P 500 gained 1.3 per cent and the Nasdaq climbed 1.25 per cent, exceeding its previous record close. Markets will now look to the US Federal Reserve for new projections. The central bank is to release a statement later today.

Sebi clears new shareholding norms for Corporate Insolvency Resolution Process companies

Sebi clears new shareholding norms for Corporate Insolvency Resolution Process companies
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