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Vodafone Idea said its board will meet on April 6 to consider the issuance of equity or convertible securities on a preferential basis to one or more promoter group entities.
Union Bank Of India With Maruti: The bank will provide Inventory Funding options for working capital requirements to Maruti Suzuki Dealers covering their sales outlets across the country.
The Union Bank of India invites online application for the post of Manager (Law). Name of the Post: Manager (Law)No. of Post: 25 (Twenty-Five)Essential Qualification and Experience• Bachelor's degree...
SBI Down Selling Ganga Expressway: State Bank of India (SBI) is reportedly in advanced discussions to downsell half of its approximately INR 11,000 crore loan exposure to the Adani Group's Ganga Expressway project. SBI is engaging with institutions like the National Bank for Financing Infrastructure and Development (NaBFID), Punjab National Bank (PNB), and power finance companies for the downselling. The move follows the standard practice in infrastructure financing, allowing banks to diversify risk by selling portions of large loan exposures. At least four lenders have shown interest in acquiring the debt from SBI.
Ashdan's bid beat eight other bidders including data centre company Cyfuture India and Jai Corp vice chairman Virendra Jain among others after creditors scrutinised the value of bids received.
DHFL promoters Kapil and Dheeraj Wadhawan have been accused of cheating a consortium of banks. The Supreme Court said the accused cannot claim default bail on the ground that the probe was still pending against the co-accused.