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Tag: Merger

NBFC

PFC, REC merger approved

Sanjay Vijayakumar -
The merger of REC into PFC will create a financing entity with an aggregate loan book of over Rs 11 lakh crore, according to a statement. The Share Exchange Ratio...
NBFC

PFC, REC to merge

ieeditor -
“The vision for NBFCs for Viksit Bharat has been outlined with clear targets for credit disbursement and technology adoption. In order to achieve scale...
Mergers and Acquisitions

Sapphire Foods, Devyani Internationall to merge

ieeditor -
“The consolidation of Devyani International Limited and Sapphire Foods India Limited marks a significant milestone and a decisive leap forward in our growth journey,...
Corporate

Board clears Hinduja Leyland Finance merger with NDL

ieeditor -
The board of Hinduja Leyland Finance has approved the merger of the company with NDL Ventures Ltd. (formerly known as NXTDIGITAL Ltd). The merge proposal...
Banking

HDFC Bank – Birth of a financial services conglomerate

Dr S Durairajan -
HDFC, the largest Housing Finance institution, (started as a specialised mortgage company in 1977), fostered and nurtured and now handed over to HDFC Bank,...
Corporate

From abrasives and bicycles to agrichemicals to finserve… The ‘Gromore’ group

S Viswanathan -
In the early years of independence, the Murugappa Group under the chaimanship of Sir Arcot Ramaswami Mudaliar as Chairman and A M M Murugappa...
Banking

Will work only if there are synergies…

Industrial Economist -
A merger of banks may not merely be an arithmetic sum of the strengths of both banks. In some cases, it may be the...
Banking

Triveni Sangam: lipstick on a pig?

Industrial Economist -
Want to rescue a sick bank? Well, merge it with a healthy one. There is a convincing case for the merger of Indian banks...

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