Under the agreed one-time settlement with Sivasankaran’s SIHL, banks will get 10 percent of their money owed which they say is better than liquidation value. Some eperts say defaulting promoters could use this way to take back control of their companies at a pittance.
C Sivasankaran, Chairman, Siva Group, said that Mistry should have resigned on the day when he was removed from group companies. Harsh Mariwala, CMD, Kaya, also spoke to the channel.
Siva Group chairman C Sivasankaran in an interview with Forbes India said he has been needlessly forced into boardroom battle at Bombay House.
Tata Capital today said the Rs 200-crore loan to two firms of Siva group was sanctioned by a panel of its Board and due processes were followed, rebutting ousted Tata Sons Chairman Cyrus Mistry's allegation that it was given on the "strong advice" of an executive trustee.
Bahrain Telecommunications, which holds about 43% stake in Indian telecom player STel, today said it is "exploring all options" to ensure long-term growth of the company's investment in the Indian telecom market.
New Delhi, June 6 (PTI) CBI today recorded statement of former Aircel chief C Sivasankaran in connection with its ongoing investigations in the second generation spectrum allocation scam during UPA-I regime.
In an interview with CNBC-TV18’s Latha Venkatesh and Gautam Broker, Vinod Chaturvedi, Managing Director of Usher Agro, gave his perspective of the third quarter performance and divulged future plans.
In an interview with CNBC-TV18’s Gautam Broker and Latha Venkatesh, Vinod Chaturvedi, MD of Usher Agro spoke about the recent happenings in the company and the road ahead.