State-run Stock Holding Corporation of India is at the centre of a battle between two state-run financial institutions trying to control it. On the one hand, IDBI BankBSE 1.99 % with a 19.9% stake is seeking to take over SHCIL, whileIFCIBSE 3.37 % is firmly opposing it.
With 34% stake, IFCI is fighting to get a seat on the SHCIL board and believes that a takeover by IDBI Bank or any other entity will not benefit the custodian and depository participant company.
Read more >>Click here
No comments :
Post a Comment