Khaitan & Co advises Standard Chartered Bank on proposed equity share subscription
Khaitan & Co has advised Standard Chartered Bank (manager to the offer) in relation to Wilmar Sugar Holdings Singapore, which proposes to subscribe to equity shares of Shree Renuka Sugars (‘Target’) aggregating to a maximum of 27.5 per cent through preferential allotment.
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India intends to be a world player by 2020, and this policy is aimed at simplifying the import/export process.
Bill is a clear signal of the intent of the Indian government to tackle the issue.