IIFL Home Finance invests Rs 250 mn for 5% stake in RDCL
IIFL Home Finance announced on that it would be investing Rs 250 million to acquire a 5 per cent stake in the RMBS Development Company consortium as a founding member.
A group of financiers, which includes ICICI Bank, HDFC Bank, Bajaj Finance, Shriram Housing Finance, Aditya Birla Housing Finance, Hero Housing Finance, and Grihum Housing Finance, had partnered with National Housing Bank and LIC to establish RMBS Development Company (RDCL) with an investment of Rs 5 billion.
According to a statement by IIFL, RDCL aims to rejuvenate the residential mortgage-backed securities (RMB..
Bajaj Housing Finance seeks time to list on bourses
NCLAT Halts ATS Projects' Insolvency
The National Company Law Appellate Tribunal (NCLAT) has intervened to halt the insolvency process of ATS Projects, a significant development in the ongoing legal proceedings. This decision comes amidst the insolvency proceedings initiated against ATS Projects, which had faced financial challenges in recent times.
The NCLAT's decision to halt the insolvency process reflects a significant development in the legal proceedings concerning ATS Projects. This intervention underscores the complexity of the case and the need for careful consideration of all aspects before proceeding further with..