promoter stake

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    Promoters Aim to Meet Shareholding Norms

    Mumbai, March 12 Hazel Infra, the promoter entity of shipbuilder Swan Defence and Heavy Industries, is planning to sell its stake in the company through an offer for sale (OFS) next week, according to sources familiar with the development on Thursday.The share sale, which comes amid volatile...
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    New RBI Guidelines Expand Acquisition Financing Options

    Mumbai, February 13 The Reserve Bank on Friday issued the final guidelines on acquisition financing by banks, increasing the lending limit to up to 75 per cent of the deal value from the 70 per cent proposed in the draft rules.In amended directions governing commercial banks' credit...
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