The lawyers for Singh and the complainant told the Delhi High Court that they were finalising the terms of the settlement agreement and would place the same before the court in the first week of October. The court has accordingly adjourned the case to October 4.
It was alleged that Axis Capital (formerly known as Enam Securities) had amended the Share Purchase Agreement (SPA) on October 5, 2010, after the issuance of "observation" letter by Sebi on October 4, 2010.
IDFC Bank consummated a share purchase agreement today with Grama Vidayal, a microfinance firm. Grama Vidiyal, which has 1.2 million customers, with asset book of Rs 1,500 crore, is expected to be a 100 percent subsidiary of IDFC Bank.
ONGC Videsh has acquired 15 percent stake in Vankorneft and is in the process of acquiring another 23.9 percent by consortium led by Oil India, IOC and BPRL, says the company's MD & CEO Narendra K Verma.
Post completion of acquisition from HCC Group and transfer of holding by SEL to SIPL, SIPL will become a 100 percent owner of Dhule Palasner Tollway Ltd.
Hitesh Jain, partner at ALMT Legal spoke to CNBC-TV18 for an insight into the review petition that the government has filed in the Vodafone Tax case.