Brief: Sterling Guaranty & Finance Approves Co's Exit From NBFC Business

Trustwave Securities

26/03/2018 10:21

March 26 (Reuters) - Sterling Guaranty & Finance Ltd
 STGF.BO :
    * APPROVED CO'S EXIT FROM NBFC BUSINESS AS "REQUIREMENT OF
CAPITAL
HAS INCREASED SUBSTANTIALLY TO REMAIN COMPETITIVE"
    * SAYS CO RESOLVED THAT PROPOSED RIGHT ISSUE OF 33 MILLION
RUPEES
BE DEFERRED
    * ‍CO TO VOLUNTARILY SURRENDER TO RBI CANCELLATION OF
CERTIFICATE
OF REGISTRATION AND CEASE TO DO BUSINESS OF NBFI/NBFC

Source text - http://bit.ly/2G5yrmQ
Further company coverage:  STGF.BO 

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