The majority shareholder in luxury brand Mulberry on Sunday said it had no interest in selling any of its stake to sportswear and apparel retailer Frasers Group, in a statement designed to end Frasers’ takeover attempt. On Friday Frasers, Mulberry’s second-largest shareholder, increased its bid after the brand, known for its handbags and belts, rejected…
MUMBAI: Yes Bank’s proposed sale to a private buyer has hit a hurdle as potential buyers seek a 51% shareholding, which is not allowed under existing rules. The development is likely to push the exit of major Indian banks that hold a majority stake in the private lender beyond the current financial year.Reports have indicated…
NEW DELHI: Govt on Friday introduced a bill to amend banking laws, which includes changes to nomination facility to make it more consumer-friendly, but left the floor on its holding unchanged to ensure that the Centre retains majority stake in public sector banks, indicating that stake sale in state-run banks will not be pushed.Govt had…
