Reliance Power makes a higher offer to lenders for Vidarbha Industries https://ifttt.com/images/no_image_card.pngReliance Power and CFM offered upfront cash, while NARCL’s offer is a combination of cash and security receipt. Early this month, CFM ARC improved its offer to `1,220 crore while Reliance Power made a revised offer of `1,260 crore. The offer by the promoter is backed by Varde Partners, which acquired a 15% equity stake in the company by infusing `930 crore in September last year. A Reliance Power spokesperson said: "We are committed to maximise the value for our lenders.
NSE IFSC-SGX Connect may be fully operational by June https://ift.tt/XC89Iks this connectivity, global investors who are clients of SGX will be able to trade in Indian derivatives market remotely without having to set up a shop in India. Currently, only a few trades are being executed through the route.
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