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Read more about Wary of British American Tobacco, govt may not budge on ITC stake sale on Business Standard. Fears a 2018-like episode when the foreign shareholder blocked proposal to issue Esops
Govt to soon initiate Bank Investment Company December 28, 2020 × The government is likely to set in motion the process of establishing a Bank Investment Company (BIC) to hold its stake in public sector banks (PSBs) following substantial consolidation in the public sector banking space and clean-up of banks’ balance sheet in the last couple of years. With the banking space seeing fast-paced changes vis-a-vis business models and technology, top bankers feel now is the right time to set up a BIC so that decisions can be taken quickly without the fear of the 3Cs — Central Vigilance Commis...
The PSU bank has entered into a binding agreement to divest its entire 64.40% stake in Cent Bank Home Finance to Centrum Housing Finance."This is to inform that the bank has entered into a binding agreement to divest its entire equity stake of 64.4% i.e. 1,61,00,000 shares of face value of Rs 10 each in Cent Bank Home Finance to Centrum Housing Finance, subject to approvals from regulatory authorities," Central Bank of India said in a regulatory filing on Thursday (24 December 2020). According to a separate filing by Centrum Capital, the parent of Centrum Housing, the cost of acquisition is ...
State-owned Central Bank of India will exit housing finance joint venture by selling its entire stake of over 64 per cent to Centrum Housing Finance for Rs 160 crore. "This is to inform that the bank has entered into a binding agreement to divest its entire equity stake of 64.40 per cent i.e. 1,61,00,000 shares of face value of Rs 10 each in Cent Bank Home Finance Ltd (CBHFL), to Centrum Housing Finance, subject to approvals from regulatory authorities," Central Bank of India said in a BSE filing. According to a separate filing by Centrum Capital, the parent of Centrum Housing, the cost o...
Central Bank of India to exit housing finance business; to sell JV stake for Rs 160 crore SECTIONS Central Bank of India to exit housing finance business; to sell JV stake for Rs 160 crorePTI Last Updated: Dec 24, 2020, 08:06 PM IST Share Synopsis CBHFL is a financing and mortgage company jointly promoted by four public sector institutions -- Central Bank of India, National Housing Bank, Specified Undertaking of Unit Trust of India (SUTTI) and Housing and Urban Development Corporation (HUDCO). Agencies NEW DELHI: State-owned Central Bank of India will exit housing finance joint venture by se...