As part of the changes, the company will launch a new brand and name in May this year. It also plans to merge its seven subsidiaries into the housing finance company to ensure a single-minded focus on mortgages for which it will seek court approvals in the first half of next fiscal.As part of the changes, the company will launch a new brand and name in May this year. It also plans to merge its seven subsidiaries into the housing finance company to ensure a single-minded focus on mortgages for which it will seek court approvals in the first half of next fiscal.
Last year, general insurance companies led by state-run reinsurer GIC Re had set up a cargo pool for fertiliser imports with a net capacity of over ₹500 crore. That pool did not generate any losses, which has encouraged insurers to explore more capacity and better rates.Last year, general insurance companies led by state-run reinsurer GIC Re had set up a cargo pool for fertiliser imports with a net capacity of over ₹500 crore. That pool did not generate any losses, which has encouraged insurers to explore more capacity and better rates.
Analysts say that since the lender would also have a post-integration expense of ₹1,500 crore expensed over 18 months, the deal will only be profit accretive at the end of the calendar year 2024.
A two-member bench of the NCLAT said the sale of the property is as per the revised resolution framework approved by the appellate tribunal in March 2020 and it cannot operate as any fetter to proceed with the approval of the proposal. Housing Development Finance Corporation Ltd had made an offer to sanction a loan of Rs 400 crore to IL&FS as a lease rental discounting transaction.