Jio Financial Services seeks RBI approval to convert from NBFC to CIC
CICs are NBFCs that invest in the equity shares, preference shares or convertible bonds or loans of their group companies
CICs are NBFCs that invest in the equity shares, preference shares or convertible bonds or loans of their group companies
The company stock was trading 5.3% lower at ₹488.55 on BSE till 2:20 pm
Company to SMC on a preferential basis pursuant to the approval of the members received on 16th November, 2023 through Postal Ballot
There is also speculation about the possibility of imposing additional capital charges on regulated entities, as per the report
According to a recent report by the International Data Corporation (IDC), the number of units sold in Q3 2023 recorded a 14 per cent growth year over year compared to last year
In addition, the regulator is looking to revise regulations for perpetual insiders, which include founders/promoters and senior executives
It also includes Bollywood actor Sahil Khan and 28 other accused, sources reported