IDBI not to fund hostile bids
The Industrial Development of Bank of India (IDBI), the leading financial institution in the country, has completely ruled out funding any hostile takeover bids. "We would not get involved in any hostile takeovers which could end up in courts, thus jeopardising our existing investments in the target/acquirer company," IDBI chairman, S H Khan said.
 |
KSEB decision on 3 hydro-projects illegal, rules HC
The High Court in the state has ruled that Kerala State Electricity Board's (KSEB) decision to terminate the implementation agreement with three small hydel projects of Ideal Projects and Services Private was `illegal and arbitrary'. Justice S Sankarasubban ruled that KSEB's termination decision was illegal since the petitioner had already invested on the basis of MoU and implementation agreement.
|
