The Hindu Business Line : Sunday, December 30, 2007

NBFCS
Manappuram’s pref share issue
The board of Manappuram General Finance and Leasing has decided to allott 46.8 lakh convertible preference shares of Rs 100 each aggregating Rs 46.8 crore to two Mauritius-based companies – Hudson Equity Holdings and Sequoia Capital. The ... More

PUBLIC SECTOR BANKS
‘Banks need to think of larger scale for growth’
Bangalore, Dec. 29 The Union Finance Minister, Mr P. Chidambaram, on Saturday said the financial services sector had a key role in helping the country sustain its high growth. He said high growth needs large scale financing and banks, mutual ... More

MERGERS & ACQUISITIONS
Chidambaram backs IFCI’s rejection of conditional bid
Urges banks to see the merits of consolidation More

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