Comments
Kotak Mahindra Bank (KMB) has released encumbrance on 43,41,669 shares of Shriram City Union Finance Ltd (SCUF) which was created in its favour as lender.
The aforementioned shares amounted to 6.48 per cent of total share/ voting capital of SCUF.
The mode of release of the encumbrance is as per the terms and conditions of Term Loan facilities extended to the borrower, the Bank said in a regulatory filing.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.