SICOM to float two funds to revive capital market business"We intend to pool in the funds from private equity funds and other financial services institutions," said Ashish Kumar Sinha, managing dir...
- Uddhav Thackeray criticises Maharashtra government over SICOM funding to Kingfisher Airlines
Shiv Sena executive president Uddhav criticised the Maharashtra government for allowing SICOM to provide loan to Kingfisher
- UB Group borrows Rs 400 crore from SICOM for Kingfisher
Four companies linked to Kingfisher and the UB Group have collectively borrowed Rs 400 crore from SICOM, in which the state government hold...
- Sicom sells 10% stake in Shree Ashtavinayak
The State Industrial Corporation of Maharashtara sold 10% in Shree Ashtavinayak Cine Vision in the market. Sicom does not figure in the lis...
- SICOM sold over 2 crore Unitech shares on Monday
SICOM, the Maharashtra government owned premier lending institution, has sold a little over two crore shares of Unitech through two separat...
- UTI to divest 36.58 per cent stake in SICOM
The Unit Trust of India has invited bids from financial investors to sell its 36.58 per cent stake in State Industrial Corporation of Mahar...
- UWB shareholders to get payment in two weeks
All the 49,500 shareholders, who have bought shares of the erstwhile UWB till October 2, will be paid Rs 28 for every share that they surre...
- RBI for UWB's amalgamation with IDBI
For the first time, shareholders of a failed bank, will get a premium for selling their stake.
- NCP's banking ambitions crash as UWB goes to IDBI
The decision to amalgamate United Western Bank with the state-owned IDBI and not with the Maharashtra government’s arm Sicom, has come as a...
- IDBI well-placed to absorb UWB liabilities
After days of suspense, there is finally a good news for the UWB shareholders. The scheme is a master stroke by RBI.
- State faces RBI test on UWB bid
Even as HDFC has moved in to back the Maharashtra government and Sicom in their bid to revive United Western Bank, RBI may have reservation...
- Rs 210-cr rehab package for UWB: Deshmukh
Maharashtra Chief Minister Vilasrao Deshmukh on Thursday said that his government would stand by SICOM and help United Western Bank (UWB) s...
- Sicom, HDFC to invest Rs 70 cr each in UWB
Sicom Limited Chairman R M Premkumar on Thursday said the state-owned corporation and the HDFC group will be investing Rs 70 crore each in ...
- The UWB saga: M'rashtra sounds out HDFC group
The HDFC group has been sounded out by the Maharashtra government and the state-promoted Sicom in a bid to revive United Western Bank.
- Sicom's bid for UWB gets govt backing
The battle for acquiring UWB is hotting up and could well take a political turn.
- UWB hopes to retain separate identity under Sicom
The state government is backing Sicom’s bid for UWB. “We want to play a stabilising role...the state government is fully backing us,” said ...
- Sicom profit up 69%
Merchant bank Sicom has registered a 69% rise in FY06 net profit at Rs 34 crore (Rs 20.2 crore), a rise of around 69%, reports Our Politica...