Page 13 - Banking Finance December 2018

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rorepati of n o e entra o ern ent to se sta e in oa n ia
entra o ern ent is a nchin an pro ra e to se per cent sta e in
ta pa ers e pan s
a or oa ndia at a f oor price of Rs.2 a share
in ast ears B hich is e pected to fetch a o t Rs. crore to the
ccordin to data disc osed en e che er. rther the o ern ent i ha e an option
tra Board of to retain an o er s scription of an additiona per cent
irect a es sta e in the co pan hich i ta e the tota sta e on
ndia has offer to per cent oa ndia td said in a fi in .
indi
id a s ith n ine app i ation for e e ption n er e tion
disc osed in
B
co e of a o e Rs crore per ann
the n er has e panded o er he inco e ta a s e e pt fro inco e ta an inco e recei ed an
t o third in ast three ears. person on eha f of an f nd or instit tion esta ished
for charita e p rposes or an tr st esta ished ho for
Re easin e statistics of inco e ta
p ic re i io s and charita e p rposes or an ed ca
and direct ta es the depart ent
tiona instit tion e istin so e for ed cationa p rposes.
said the tota n er of crorepati ta
or this the f nd tr st or instit tion sho d ha e o
pa ers hich inc des corporates
tained an appro a fro the rincipa o issioner or
fir s ind ndi ided a i ies
o issioner of nco e a fi in an app ication an a in this re ard. t
s and indi id a s has a so seen
has een proposed that an a fi in of these for s e done a a ith so as to
a ro th of a o t per cent d rin
ens re ic er processin of the app ications and there red ce the interface
the sa e ti e period.
et een the depart ent and the app icant.
he tota n er of ta pa ers
n ie of the di ita ad ance ent that the o ern ent in enera and the in
corporates fir s ind ndi ided
co e ta depart ent in partic ar ha e ade it is i perati e that an a fi in
fa i ies a on others sho in in
of these app ications sho d e done a a ith so as to ens re not on faster
co e of a o e Rs crore has re is
processin of the sa e t a so to red ce interface et een the depart ent and
tered a sharp increase o er the
the app icant the entra Board of irect a es B said in a state ent.
three ear hori on. hi e
ta pa ers had disc osed inco e
a o e Rs crore in assess ent ear r s Mistr anno n es ne ent re
2 the fi re as for r s Mistr the for er chair an of ata ro p anno nced the for ation of
2 7 hich is a ro th of
a pri ate e it ent re Mistr ent res . Mistr ade the anno nce
a o t per cent the B said.
ent on the second anni ersar of his o ster fro the ata ro p.
B CE | DECEMBER | 201 | 1