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Global Ferronickel to take 20% stake in Chinese ore processor


BusinessWorld
May 25, 2021 | 12:09 am
THE board of Global Ferronickel Holdings, Inc. (FNI) has approved the acquisition of a 20% interest in China’s Guangdong Century Tsingshan Nickel Industry Co., Ltd. (GCTN).
In a disclosure to the stock exchange on Monday, the company said its board considered the proposal of the management to obtain interest in GCTN as part of the effort to “enhance synergy” between FNI as an ore supplier and GCTN as a value-added processor.
Further, the disclosure said the acquisition seeks to offer consistent and reliable trade transactions between the parties and provide support for FNI’s diversification projects.
However, FNI did not provide details or figures on its planned acquisition in the stock exchange disclosure. ....

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Religare case: Delhi High Court grants bail to ex-CEO Maninder Singh


Religare case: Delhi High Court grants bail to ex-CEO Maninder Singh
SECTIONS
Last Updated: May 05, 2021, 09:02 PM IST
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Synopsis
Singh was arrested on October 27, 2020 for allegedly conspiring with other accused persons and swindling Rs 2,397 crore, thereby causing wrongful loss to complainant Religare Finvest limited (RFL) and wrongful gain to themselves.
PTI
The Delhi High Court on Wednesday granted bail to former CEO of Religare Enterprises Limited (REL) Maninder Singh in a case related to alleged siphoning of money to the tune of Rs 2,397 crore from Religare Finvest Limited (RFL). Justice Yogesh Khanna granted bail to the accused on a personal bond of Rs one lakh with surety of like amount and imposed various conditions on him. ....

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