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Axis Bank said on Thursday that it has obtained all necessary regulatory approvals in connection with the purchase of shares of Max Life Insurance with regard to the public interest writ petition filed by BJP leader Subramanian Swamy.A public ...
Axis Bank said on Thursday that it has obtained all necessary regulatory approvals in connection with the purchase of shares of Max Life Insurance with regard to the public interest writ petition filed by BJP leader Subramanian Swamy.A public ...
BJP leader Subramanian Swamy has filed an PIL before the Delhi High Court seeking a comprehensive probe into the alleged fraud in Axis Bank involving undue profits through the sale and purchase of shares, violating regulatory guidelines and ...
Bharti Airtel has waived its right of first refusal to acquire a 30% stake in Bharti Hexacom from state-owned Telecommunications Consultants India Ltd (TCIL). The move is seen as a lack of immediate value in the acquisition, according to analysts. Bharti Hexacom had previously filed a draft offer document to sell a 20% stake of TCIL, which will provide the government with a partial exit. TCIL's holding will drop to 10% after Bharti Hexacom's IPO, while Bharti Airtel will retain its 70% stake in the unit.
Bharti Airtel: “Bharti’s management mentioned that Airtel had a right of first refusal to acquire this 30% stake (in Bharti Hexacom) owned by the government via TCIL, but they waived off this right as of now as the telco doesn’t see any value in acquiring the stake from the market, post-Bharti Hexacom listing),” BofA Securities said in a note seen by ET.