Punters’ hopes of delisting gains dashed as MNCs opt for stake sales

February 21, 2024

Wabco, Styrenix Performance Materials (INEOS Styrolution), Federal-Mogul Goetze, Timken India, GMM Pfaudler, Thomas Cook, Samvardhana Motherson, and Whirlpool are among the companies where global parents have sold their stakes. Large overseas stakeholders in ITC and Novartis too have indicated their intention to sell a stake.

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The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.

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