"Banking aspirant UAE Exchange & Financial Services Ltd, a non-banking finance company (NBFC), will dilute its promoter holding by bringing in investors to comply with the eligibility rule.
At present, promoter holding is about 63 per cent. The maximum holding allowed under the Reserve Bank of Indias (RBI) norm for a new bank licence is 49 per cent.
A top company official said the plan is to expand the capital base through private placement of equity to prospective investors. There are also rules on foreign holding."
'via Blog this'
No comments:
Post a Comment