Utkarsh SFB's reverse merger expected within a year, says MD & CEO

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Once the approval comes, it will take around 12 months...after that, we will go through the NCLT route,” said Singh.

According to these guidelines, promoters are required to reduce their shareholding to 26 per cent within 15 years of starting banking operations.

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Category: BusinessFinance

Markets: India

Topics: National Company Law Tribunal NCLT

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-03 @ 19:43:26 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 239 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 22864695

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