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KANORIAS OF SREI GROUP
RBI nudges twin Srei lenders banks to classify account as fraudIf the account is classified as fraud, it will prevent Kanoria from regaining control over the companies. Under 12A of the Insolvency and B...- Delhi HC stays Punjab & Sind Bank from taking further action on SreiIn a relief to Srei Group and its founder Hemant Kanoria, the Delhi High Court has ordered Punjab & Sind Bank to restrain itself from takin...
- Punjab & Sind Bank declares Srei loan accounts as fraudsWhile the Kanorias had moved court against the KPMG report, the latest move by Punjab & Sind Bank may prompt other banks to follow suit. Th...
- Srei promoters move NCLT, contesting KPMG forensic auditThe company's bankers had tasked KPMG to carry out a forensic audit in March last year as they were considering a loan recast. An RBI speci...
- Bombay HC dismisses Srei Group petition against RBI bankruptcy moveA division bench of Justices Ujjal Bhuyan and Madhav Jamdar, after hearing both sides dismissed the petition in an oral order and observed ...
- Srei promoter challenges RBI action against group firms in Bombay High CourtThe banking regulator had on Monday superseded the boards of directors of Kolkata-based Srei Infrastructure Finance and Srei Equipment Fina...
- Shadow lender Srei quits infrastructure, blaming ‘socialist’ IndiaSrei’s decision highlights the pain non-bank financiers are facing 17 months after the collapse of IL&FS.
- Srei Infra arm looks to sell shares via IPOThe proceeds of the issue would be utilised for growth of the company.
- Srei Infrastructure Finance keen to buy telecom tower assets in EMsSrei Infrastructure Finance is looking at opportunities to acquire telecom tower assets in emerging markets overseas while equally explorin...
- Sunil Kanoria takes over as Assocham presidentSREI Infrastructure Finance vice-chairman Sunil Kanoria today assumed charge as president of industry body Assocham.
- Vijay Mallya dials up Kanorias for truce with Kingfisher Airlines lendersMallya's UB Group moved the courts to prevent sale of pledged assets and shares by the lenders, slowing the loan recovery process.
- Banking licence to help expand rural business: SreiHopeful of making banking foray, financial services group Srei has said that bank licence would help expand its rural business.
- Srei Infrastructure Finance Ltd to roll out ATMs in FY14Srei Infrastructure Finance Ltd will begin rolling out white-label automated teller machines (ATMs) with 100 of them on a trial basis.
- British Indian businessman Sanjeev Kanoria buys Austrian bank Hypo Alpe Adria for around $85.5 mnSanjeev Kanoria - brother of Hemant Kanoria, chairman of SREI Infra Finance Limited - has acquired the domestic banking unit of Hypo Alpe A...
- Banking on rural presence, Srei looks to set up bankSrei has around 28,000 rural centres in different parts of the country and some of them could be converted into bank branches if it gets a ...
- Viom Networks planning to hit capital market soonTelecom tower company Viom Networks, a JV between Tata Teleservices and SREI group, is planning to hit the capital market soon, a top offic...
- Telenor's exit from India to hit Viom Networks revenuesViom Networks could lose nearly a quarter of its rental revenues if Telenor group exits India, or is unable to win airwaves in the upcoming...
- Kanorias to float $1.5-billion fund in Singapore to invest in IndiaThe Kanorias of Srei Group will float a $1.5-billion global fund in Singapore to invest in infrastructure projects in India, South East Asi...
- Viom Networks in talks with Telenor for Bangladesh tower dealViom Networks is in talks to close a $300-million deal with Telenor Group to manage around 8,000 towers for its Bangladesh mobile arm.
- BNP Paribas picks 50% in SREI Infra armFrench bank BNP Paribas has bought a 50% stake in the equipment finance arm of SREI Infrastructure Finance for Rs 775 crore. This is the la...
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