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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The stock market veteran is eyeing the lending space and aims to grow quickly by acquiring distressed assets of big-name groups.
He may not be in the same league as Harshad Mehta or Ketan Parekh. But the return of capital markets veteran Sanjay Dangi has many in Indian finance sitting up and taking notice. Only thing though, Dangi is taking a punt on the lending space this time around.
Dangi and his wife, Alpana, own 71.47% of Authum Investment and Infrastructure Ltd, a Mumbai-based non-banking financial company. Alpana is the majority shareholder, with a 65.3% stake, while her husband’s firm Mentor Capital Ltd owns 6.17% of the company.
Last October, Authum took control of Reliance Commercial Finance Ltd and is in …
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Lenders stand to gain a lot more than borrowers in the current challenging market environment
Thinly traded listed entities have long served as breeding grounds for stock manipulation, hurting investors. The regulator, the NSE and BSE now want to fix things by focusing on efficient delisting.
