March 2007
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PE funds likely to be regulated

Private equity (PE) funds may come under the regulatory scanner in India.   Though the ultimate regulator has not been decided upon, both Securities and Exchange Board of India (SEBI) and Reserve Bank of India have formed study groups to analyse the structure and impact of such funds on the investors, the companies in which they invest in and their effect on corporate governance.   The issue has gained importance as a working group of International Organisation of Securities […]

Vishal Cotspin to merge with Madanapalle Spinning Mills Ltd

Vishal Cotspin Ltd has announced that the Board of Directors of the Company at its meeting held on March 26, 2007, has unanimously approved the scheme of merger of the Company with Madanapalle Spinning Mills Ltd (MSM).

The merger shall … […]

Fortune Financial sells 22% stake

Mumbai-based financial service provider Fortune Financial Services India Limited (FFSIL) is learnt to have diluted 22% of its equity to a group of UK-based foreign institutional investors for Rs 22 crore. The investors, headed by Lytton Group Corporation, have valued … […]