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Canara Bank is set for better recovery from Karanja Terminal & Logistics. A price discovery process attracted higher bids for the asset. The infrastructure company owes lenders around 600 crore. Prudent Asset Reconstruction Company made a binding offer of 520 crore. This offer trumped the promoter's settlement proposal. The sale is currently challenged in court.
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News and Media
Platforms such as Forge Global and Nasdaq Private Markets (NPM) have become key gateways to buy and sell these unlisted shares. NPM, which hosts shares of about 15,000 private firms, reported $60 billion in trading volumes. Forges Private Market Index a benchmark for late-stage, venture-backed companies has climbed 67.9% year-to-date.
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News and Media
Fino Payments Bank has settled a securities law violation case with Sebi for 5.8 lakh. The bank failed to promptly disclose material events concerning employee fraud, despite receiving an investigation report. Sebi noted the significant impact on the company's share price due to the delayed and incomplete disclosures.
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News and Media
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