Only a small segment of bondholders have agreed to be on board the proposed resolution.The process has been further complicated as certain bondholders have also initiated a process to take DHFL to bankruptcy court
Bajaj Finance board approves raising of capital through QIP for an aggregate amount not exceeding Rs8,500 crore by issue of equity shares.Stock of Bajaj Finance closed 1.54% lower at Rs3,365.65 on the BSE
In other news, private equity (PE) firm KKR acquired a 10% stake in CG Power and Industrial Solutions Ltd by invoking the pledge on shares provided as collateral for credit facilities extended to entities related to promoter Gautam Thapar
The airline owes over ₹8,500 crore, excluding interest, and other penal charges, to a clutch of lenders led by the State Bank.The lenders consortium, which owns 51%, had on June 17 sent the airline to the NCLT as they could not find a buyer
Former SBI chief Arundhati Bhattacharya is looking to start a general insurance business, along with Sunil Mehta, Deepak Ishwarbhai Amin.On 3 September, Bhattacharya and Mehta registered their company, Welmo Fintech
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