CCI approves acquisition of stake in IDFC by Bandhan, ChrysCapital and GIC webindia123.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from webindia123.com Daily Mail and Mail on Sunday newspapers.
Earlier in April, IDFC Board had approved a consortium of Bandhan Financial Holdings, GIC and ChrysCapital to acquire IDFC Asset Management Company for Rs 4,500 crore in one of the largest deals in the country's asset management space.
Cash trust UBB Amanah Bhd has filed a suit against online business training webinar provider Learnabee International Sdn Bhd and three others for a webinar series which allegedly maliciously portrayed and equated cash trust companies, and particularly UBB Amanah, as being Ponzi schemes. In court documents sighted by The Edge, UBB Amanah said that the 15-session webinar series launched by Learnabee also insinuated that the cash trust is involved in illegal and fraudulent business operations with the intent of cheating its clients and customers of their money.