Hind Rectifiers has proposed to sell the surplus assets at Dehradun Unit II, in view of expansion at Nasik plant. The Board of Directors of the company in its meeting held on October 30, 2018 proposed the same. Hind Rectifiers is engaged in developing, designing, manufacturing and marketing Power Semiconductors, Power Electronic Equipments and Railway … Read more
The agency said it has issued a provisional order under the Prevention of Money Laundering Act (PMLA) for attachment of these assets. “The said valuables were exported through 26 shipments by Dubai based companies of Nirav Modi to the Hong Kong based companies controlled by him after the registration of the case (PNB money laundering) … Read more
Punjab National Bank is currently trading at Rs. 68.40, up by 1.25 points or 1.86% from its previous closing of Rs. 67.15 on the BSE. The scrip opened at Rs. 67.80 and has touched a high and low of Rs. 68.55 and Rs. 67.80 respectively. So far 127775 shares were traded on the counter. The … Read more
Punjab National Bank (PNB) has recognized various assets, including its housing finance arm, for sale and hopes to realise Rs 8,600 crore from these non-core assets during the current fiscal. Meanwhile, the bank has already sold some of the fixed assets and have realised Rs 400 crore from these assets. Besides, the bank also wants … Read more
McLeod Russel India has handed over the specified assets of the eight Tea Estates of the company to M K Shah Exports. Post completion of due diligence by M K Shah Exports (Buyer) and on compliance of the conditions precedent by the company (Seller), the specified assets, being the Estates & Bearer Plants and other … Read more
McLeod Russel India has handed over the specified assets of the four Tea Estates of the company in favour of Luxmi Tea Company. Post completion of due diligence by Luxmi Tea Company (Buyer) and on payment of consideration by the Buyer as agreed, the specified assets, being the Estates & Bearer Plants and other Assets … Read more
State Bank of India (SBI) will purchase good quality assets worth Rs 45,000 crore from NBFCs (non-banking finance companies) which are facing liquidity crisis triggered by a series of debt repayment defaults by financial conglomerate IL&FS and its subsidiaries. Earlier, the bank had planned for a growth of Rs 15,000 crore through portfolio purchase, which … Read more
