The court directed the group to submit a fresh plan to refund $4 billion to investors by next Tuesday or March 11.
The hedge fund cum private equity asset manager, which is in a fundraising mode, recently also launched a crowd-funding platform in India.
Banking stocks led the rally with flare-up in share prices of blue chips like Reliance Industries, L&T and Bharti Airtel adding to the momentum.
The latest signs of a rift between Gross and El-Erian come as Gross is grappling with clients who are also turning their backs on the very asset class that has made him famous.
Some PE firms are also looking at innovative exit strategies for their past investments.
Good JV but why share price is not moving inspite of good quarterly numbers,
small equity and highest...
It is indeed a great success story with smart initiatives.
Dear Sir, Yes it is absolutely correct that MCA is creating confusion instead bringing clarity and overmore this is...
Like your rather 'simplistic' analysis- had been looking forward to it since the deal announcement.