Mauritius-based IndusInd International Holdings (IIHL) emerged as the successful suitor with a bid of ₹9,650 crore for the resolution of RCap. IIHL later paid ₹200 crore to bolster RCap’s solvency, which was over and above the bid amount.
Sebi gets power to directly remove false stock content
The Securities & Exchange Board of India (Sebi) has been empowered by the government to order social media platforms to remove unlawful stock-related content. This