The company is in the process of amalgamating Mindtree with itself, which was approved by its shareholders and unsecured creditors on August 10. LTI in its filing shared that the National Company Law Tribunal, Mumbai bench approved the merger on September 19, while NCLT Bengaluru has reserved its order on the same.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs