Tata Motors on Tuesday said TML Securities Trust, has sold 1.14 crore new ordinary shares (NOS) on the exchanges today for distribution of fractional share entitlement as well as towards tax liabilities. Earlier, the auto major received clearance from the National Company Law Tribunal (NCLT) for its scheme of arrangement which involves reducing share capital … Read more
Minority shareholders of ICICI Securities led by Bengaluru-based investment manager Manu Rishi Guptha have filed a class action suit with National Company Law Tribunal (NCLT) against ICICI Bank’s bid to delist its broking arm from the Indian bourses. Last month, nearly 72% shareholders approved the scheme of arrangement for the merger of ICICI Securities with … Read more
Mumbai: Lenders to Go First have moved to enforce their rights to a 94-acre land parcel that was kept as collateral against loans taken by the bankrupt airline, even as they have sought more time from the National Company Law Tribunal to complete the resolution process. The lenders last week took symbolic possession of the … Read more
