Saturday, December 26, 1998
Institutions seek North Block view on Escorts' move to halve equity base
Financial institutions have sought the finance ministry's approval before deciding on Escort's equity-recast plan. A decision will be communicated by the institutions as soon as the ministry extends its support to the proposal.
India Foils promoters plan to buy out group firms' holdings in debt revamp
Fresh from an aborted deal with Hindalco, the BM Khaitan-controlled India Foils has put in place a fall-out strategy through a process of debt restructuring within the company.
State Bank attaches rider to disinvestment exercise
The State Bank of India (SBI) has told the government that it is willing to take part in the centre's disinvestment programme only if it is profitable to the bank.
|
|
