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RBI approves FDI in limited-liability partnerships subject to riders

Anuradha Verma

LLPs shall not be permitted to avail themselves of External Commercial Borrowings and conversion of a company with FDI, into an LLP, will be allowed only if other stipulations are met and with the prior approval.

Soros Economic Development Fund invests $15M more in Aspada Investment

Anuradha Verma

Last month, Aspada invested in NeoGrowth Credit which provides working capital loans and inventory financing to small merchants in India.

L&T General Insurance, Future Generali scrap proposed merger

Anuradha Verma

Post merger, Generali was expected to own 26 per cent holding in the merged entity, L&T 51 per cent, while the remaining was to be held by Future Group.

Shriram Capital may look at acquisitions with Piramal's backing 

Shruti Ambavat

Piramal Enterprises has picked 20 per cent in Shriram Capital valuing the firm at over Rs 10,000 crore.


Soros Economic Development Fund invests $15M more in Aspada Investment

Last month, Aspada invested in NeoGrowth Credit which provides working capital loans and inventory financing to small merchants in India.

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