Tag Archives: minority

Power Finance not to extend open offer to REC’s minority holders

Power Finance Corp said on Monday the company was not considering extending the open offer to the minority stakeholders for its deal with REC Ltd. There has been no finalisation on the deal value, the non-banking finance company said. The Indian government had approved a plan in December by one state-owned lender to the power industry, Power Finance, to buy a ... Read More »

Election debacle leaves UK government in a minority on eve of Brexit talks

British Prime Minister Theresa May addresses the country as her husband looks on after Britain’s election at Downing Street in London, Britain, on 9 June. Photo: Hannah Mckay/Reuters   London: British Prime Minister Theresa May said she would lead a minority government backed by a small Northern Irish party after she lost an election gamble days before the start of ... Read More »