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Compass Group's Elior India acquisition stalled due to governance glitches

Business Standard LogoBusiness Standard1 mo ago

Compass Group's Elior India acquisition stalled due to governance glitches - Business Standard

Quick Summary:

The Group, therefore, considers that the non-financial risks within this entity are minimised, enabling it to be excluded from the reporting scope this year.

It has however produced audited financials for the year 2022 which is dated 31.10.2022 prepared after the Claimant made the application for interim measure dated 13.10.

Elior India now only operates in the business and industry market with Western companies, which are aligned with western regulations.


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Article Details

Author / Journalist: BS Reporter

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-02-08 @ 23:55:00 (1 months ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 486 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 5328812

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 247 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #49

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