The debt of ₹4,300 crore is ready for disbursement upon delisting of RCap shares from the stock exchanges.
The administrator and the CoC have to complete certain procedural formalities such as delisting of equity and non-convertible debentures (NCD), creation of trust for transfer of excluded assets, capital reduction, release of all charges on assets of RCap. These steps are expected to take around four to six weeks.
Denne historien er fra December 16, 2024-utgaven av Financial Express Delhi.
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Denne historien er fra December 16, 2024-utgaven av Financial Express Delhi.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Subsea cables: Big Tech may get govt support
● Focus now on establishing repair & maintenance infra
Infosys inaugurates ₹426-cr development centre in Bengal
INFOSYS, THE COUNTRY'S second-largest IT services firm, on Wednesday inaugurated a state-of-the-art development centre in New Town, Kolkata, marking a major milestone in West Bengal's IT growth story.
BSNL asked to bridge tech gap
A PARLIAMENTARY PANEL on Wednesday recommended that state-owned BSNL should explore partnerships with foreign technology firms to address issues in the deployment of indigenous technology. BSNL had told the committee that the major hurdle it is facing in the 4G expansion lies in the fact that the technology being deployed may still take time to be tested and proven.
Red flags as SECI says Azure capacity given to Adani in 'public interest'
IN WHAT HAS raised red flags in the new Andhra Pradesh government led by TDP's N Chandrababu Naidu is a submission by the central government-undertaking Solar Energy Corporation of India (SECI) to the apex electricity regulator that the transfer of 2,300 megawatt solar capacity from Azure Power to Adani Green Energy was made in larger \"public interest\".
Rental housing norms for factory workers this week
● Developers may get 40% viability gap funding
Higher EPFO pension: Firms can file wage info till Jan 31
THE EMPLOYEES' PROVIDENT Fund Organisation (EPFO) has extended the time for uploading requisite wage details of members by employers till January 31, 2025, to avail pension on higher wages, the labour ministry said in a statement.
Net direct tax collections grow 16% to ₹15.82 lakh cr
NET DIRECT TAX collection grew 16.45% year-on-year to over ₹15.82 lakh crore till December 17 this financial year, buoyed by higher advance tax mop-up, government data showed.
Trump tariff threats to open market access talks
Experts call for a targeted reduction of levy by India, with policies to boost manufacturing
Number of independent directors on corporate boards on the rise
BOARDS OF CORPORATE India have had a rising share of independent directors in recent years.
NHPC in talks with Bhutan for hydel JV
STATE-RUN NHPC IS in discussion with the Bhutan government to form a joint-venture company to undertake hydropower projects in the Himalayan country, a senior executive of the Indian hydropower major told FE.
