Tag Archives: nod

Essel Finance gets SEBI nod for Peerless General Finance acquisition

MUMBAI, AUGUST 11:   Essel Finance Management LLP’s (EFM) subsidiary Essel Finance Wealthzone has received SEBI approval to acquire the entire shareholding of the Peerless General Finance and Investment Co. Ltd and others, in Peerless Funds Management Co. Ltd and Peerless Trust Management Co. Ltd. Essel Finance Management is the financial services arm of Subhash Chandra-promoted Essel Group. At present, EFM ... Read More »

Essel Finance gets SEBI nod for Peerless General Finance acquisition

Essel Finance Management LLP’s (EFM) subsidiary Essel Finance Wealthzone has received SEBI approval to acquire the entire shareholding of the Peerless General Finance and Investment Co. Ltd and others, in Peerless Funds Management Co. Ltd and Peerless Trust Management Co. Ltd. Essel Finance Management is the financial services arm of Subhash Chandra-promoted Essel Group. At present, EFM offers a range ... Read More »

Bankruptcy proceedings against Monnet Ispat, Alok Industries get NCLT nod

Bankruptcy proceedings against Monnet Ispat and Energy Ltd and Alok Industries Ltd were approved by different benches of the National Company Law Tribunal (NCLT) on Tuesday. They become the second and third among the big 12 firms identified for early bankruptcy proceedings by the Reserve Bank of India (RBI) where the process has gone into the second stage. Jyoti Structures ... Read More »

Fed set to keep rates unchanged, may nod to ebbing risks

The U.S. Federal Reserve is expected to keep interest rates unchanged on Wednesday as it continues to monitor the impact from weakening global growth but may seek to signal to markets it is determined to resume policy tightening this year. The Fed has held its overnight lending rate for banks at a target range of between 0.25 and 0.50 percent ... Read More »