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The National Company Law Appellate Tribunal has dismissed Authum Investment & Infrastructure's appeal against the takeover of the twin Srei NBFCs by the National Asset Reconstruction Co Ltd (NARCL), clearing all roadblocks for the smooth takeover of the companies. The order is a boost to NARCL, which has been struggling to complete transactions.
This company went public in 1994 and since then its stocks have been listed on the National Stock Exchange (NSE) and Bombay Stock Exchange Limited (BSE).
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Apart from QIPs, fund mobilisation through rights issue of shares and OFS (Offer-for-Sale) route too surged in 2023, as compared to last year.
In India, Srei Infrastructure Finance Ltd offers financing for infrastructure. Obtain financing for infrastructure projects and other financial services. for long-term investors.