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Vedanta’s proposal to demerge into five independent, sector-focused companies has received overwhelming approval from its shareholders and creditors. According to the company’s stock exchange filing, the demerger was approved by 99.9987% of shareholders, 99.5900% of secured creditors, and 99.9588% of unsecured creditors who voted in favour of the proposal. Under the demerger scheme, every Vedanta…
Pakistan has again requested China to reschedule $3.4 billion debt for two years to bridge a foreign funding gap identified by the International Monetary Fund — in a move that’s success will largely address the external funding concerns before the upcoming programme review talks. Deputy Prime Minister Ishaq Dar made the formal request during this…
More than half of Canadians are feeling “financially paralyzed” amid the surging cost of living, according to a new poll. Fifty-five per cent of Canadians used that language to describe their finances, according to the survey commissioned by the Royal Bank of Canada (RBC). Nearly half (48 per cent) added they could no longer afford…
After learning Hai Huang and his wife had signed away ownership of their half-million-dollar home to their son for one dollar, the man to whom Huang owed $436,000 had questions. A jury awarded Jian He the money in 2018 after finding Huang had assaulted him, perforating He’s eardrum and causing post-traumatic stress disorder. He has been unable to collect…
Brookfield India Real Estate Trust’s board on Monday approved raising of funds by institutional placement of units. The issue today opened for receiving the bids. The company has set the floor price at Rs 287.55 per unit. The announcement was made post market hours and shares of Brookfield India REIT ended at Rs 290.49 on…
