Mumbai: Court Slams EOW For Slow Pace Of Probe In Anugrah Cheating Case freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
While upholding an order passed by the member and core settlement guarantee fund committee (Committee) of NSE Clearing Ltd (NCL), the securities appellate tribunal (SAT) directed Edelweiss Custodial Services Ltd (now known as Nuvama Clearing Services Ltd) to reinstate shares belonging to clients of Anugrah Stock & Broking Pvt Ltd (Anugrah). In 2020, to recover these dues, Edelweiss sold the collaterals worth Rs460.32 crore furnished by Anugrah and applied the proceeds to meet Anugrah s clearing obligation towards NCL.
The company is looking to raise Rs 1,500-2,000 crore through the sale and will use the funds to pare debt and establish the market value of the business
Nuvama Wealth Management Ltd, the Indian wealth manager majority-owned by Asia-Pacific private equity firm PAG, said Monday it intends to challenge an order of the Securities ..