Dues recovery: lnduslnd Bank acquires 4.79% in McLeod Russel by invoking pledged shares : Rashtra News In June, lnduslnd Bank had acquired 70,67,500 equity shares of McLeod, forming 6.77% of paid-up equity share capital, by invoking pledged shares also for recovery of its dues.lnduslnd Bank on Thursday said it has acquired a 4.79% stake in debt-laden
Business News: McLeod Russel lenders entrust LSI Financial for revisiting viability of ops rashtranews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rashtranews.com Daily Mail and Mail on Sunday newspapers.
The acquisition is a strategic move by Kilburn to augment its capabilities and fortify its position in the thermal engineering systems market, the company said in a statement.