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NCLAT sets aside insolvency proceedings against Asian Hotels West

Asian Hotels (West) has availed of term loans in different tranches totalling Rs 200 crore from YES Bank. It served its all financial obligations to Yes Bank till March 31, 2021. ....

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Alok Industries shares jump around 16%, up for 3rd time this week; here's why

Shares of textiles manufacturer Alok Industries rallied almost 16 percent in trade on Friday, spiking for the 3rd time this week, after Reliance Industries invested ₹3,300 crore in the company. ....

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Hansoge Enterprises: Hansoge Enterprises sells 175-room boutique hotel for Rs 150 cr in a deal with JC Flowers and YES Bank

Bangalore s Hansoge Enterprises has sold a 175-room hotel near Bangalore International Airport, covering 1.5 lakh sq ft, for around Rs 150 crore to an ultra-high net worth individual. The property, set to be completed by end-2024, was previously held by JC Flowers, an Asset Reconstruction Company (ARC), the Trustee, and the Bank. ....

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Alok Industries share price surges 20% after Reliance Industries invests ₹3,300 crore

Alok Industries, a textile manufacturer, saw its shares jump 20% after Reliance Industries invested ₹3,300 crore in the company. ....

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JM Financial surges 10% after allotting 3.77 lakh shares to staff under ESOP

JM Financial shares have risen 32 percent year-to-date, outperforming Nifty 50 which has rallied over 16 percent during this period. ....

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