Reliance Commercial Finance debt holders okay sale to Authum Investment
"The voting lines closed last evening and according to the results which are not yet public, just above 75% of those that voted have supported the plan. However, it is too early to say whether this will be enough to implement the resolution as the matter is still in court," said a person familiar with the vote.
Edelweiss rejects Tokio bid to get controlling stake in insurance JVEdelweiss owns 51% in ETIL with 49% held by Tokio Marine. Unlike several other insurance ventures in India where the shareholders' agreement gave the foreign partner a right to raise stake as and when regulations allowed, there was no such pact between Edelweiss and the Japanese giant.
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