Regulatory approvals

Fairfax commits $200 million liquidity assist to IIFL Finance amidst RBI ban

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Fairfax India Holdings Company, backed by Prem Watsa and a longstanding investor in IIFL Finance Restricted, has introduced its dedication to supply liquidity assist amidst the latest Reserve Financial institution of India (RBI) embargo, efficient March 5, 2024, on the corporate’s gold mortgage disbursements. “The RBI’s embargo has raised liquidity issues amongst the corporate’s traders … Read more

Piramal Enterprises to promote stake in Shriram Funding for ₹1,440 crore

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Piramal Enterprises has determined to promote its whole stake in Shriram Funding Holdings Non-public Restricted (SIHPL) to Shriram Possession Belief (SOT) for a consideration of ₹1,440 crore. In June final 12 months, the agency had offered its whole 8.3 per cent stake it held in Shriram Finance by means of a number of block offers … Read more