Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: due date for vat payment :: empanelment :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: VAT RATES :: TDS :: ACCOUNTING STANDARD :: form 3cd :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: VAT Audit
 
 
« Mergers and Acquisitions »
 Demystifying transfer pricing
 Deals of the day-Mergers and acquisitions March2017
 Expect lay-offs, fewer jobs in telecom sector despite mergers: Experts
 Mergers, acquisitions and consolidation are driving the 3PL industrya
 How Mergers & Acquisitions Could Boost
 Preparing for International Mergers and Acquisitions
 Merger control regime: CCI sharing concerns at early stages would reduce trust deficit
  Deals of the day-Mergers and acquisitions
 Oil companies’ mergers: Indian Oil Corporation chairman B Ashok says ‘Worthwhile to look at the possibilities
 It's complicated: Regulatory hurdles that Vodafone-Idea merger could face
 China FX head Pan Gongsheng says overseas mergers and acquisitions like ‘a rose with thorns’

IDBI Home Finance gets MCA nod for merger with parent firm
April, 14th 2011

IDBI Home Finance today said it has got approval from the Corporate Affairs ministry for merging with its parent IDBI Bank.

The Ministry of Corporate Affairs has sanctioned the scheme of amalgamation vide its order dated April 8, 2011, IDBI Home Finance said in a filing to the Bombay Stock Exchange.

The merger would help IDBI to consolidate its home loan business and gain more market share.

"The company, on April 13, 2011, has filed a copy of the said order with the Registrar of Companies (ROC), NCT of Delhi and Haryana and hence all the conditions... of the Scheme of Amalgamation have now been complied with," it added..

Pune-based IDBI Home Finance Ltd (IHFL) is a wholly owned home loan subsidiary of state-run IDBI Bank. In July last year the bank's board had approved the said merger.

IDBI Bank took over the erstwhile Tata Home Finance in September 2003 and renamed it as IHFL as a pure-play home loan player.

As of end March 2010,IHFL had an outstanding home loan portfolio of Rs 3,537 crore as against Rs 3,089 crore in FY09.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
E-catalogue online catalogue E-brochure online brochure online product catalogue online product catalogue e-catalogue Indi

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions