Tata Power and ICICI Ventures-backed Resurgent Power, Adani Power, JSW Energy and Vedanta Plc are eyeing a large chunk of stressed power assets at half of the projects’ cost as lenders rush to close deals ahead of August 27 deadline.
Eighty-three days after reposing “full faith and confidence” in ICICI Bank’s MD and CEO Chanda Kochhar and stating there was “no question of any quid pro quo/nepotism/conflict of interest”
Levelling fresh allegations of quid pro quo deals by the ICICI Bank MD and CEO Chanda Kochhar, the independent activist and whistleblower Arvind Gupta has alleged that Ruia brothers of Essar group got undue favours from the bank for “round-tripping” investments into her spouse Deepak Kochhar’s NuPower Group.
ICICI Bank Loan Row: Deepak Kochhar’s Nupower Renewables Received Investments From Ravi Ruia’s Son-in-law’s Firm
If media reportage is anything to go by, ICICI Bank could just get dragged into another controversy.
Sebi is considering to get a forensic test done on financial statements and disclosures made by ICICI Bank amid a row over alleged conflict of interest involving the lender’s CEO Chanda Kochhar and her husband.
The government plans to hit the market with the follow-on offer of Bharat-22 ETF after the blockbuster performance in the first tranche, with ICICI Prudential Mutual Fund filing draft papers for the second round.
While the ICICI Bank board has reposed its trust in current MD and CEO Chanda Kochhar after denying any quid-pro-quo in the Videocon loan saga, the carefully-worded clarification has left people with more questions than answers.
Deepak Kochhar, founder of wind energy company NuPower Renewables, has been in the eye of a storm over his company’s relationship with Videocon group, which received a loan in 2012 from ICICI Bank, headed by his wife Chanda Kochhar.
ICICI Lombard General Insurance today announced it now covers solar park developers by insuring the park owners.
A consortium of lenders led by State Bank of India has invited bids to sell 51 per cent stake in Jindal India Thermal Power Ltd (JITPL) located in Odisha.