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Nadar Mahajana Sangam

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  • Business

M&A picks up, white knights are riding into India

In 2007, Israeli drugmaker Taro Pharmaceutical was in trouble. Inventories and debtors mounted, and it ran out of cash after a string of US acquisitions. When Dilip Shanghvi, chairman of Sun......

Vangal, foreign investors to sell TMB holdings

Ramesh Vangal and foreign investors backing him have decided to exit the Nadar community-controlled Tamilnad Mercantile Bank (TMB). The buyers include Kuwait and Brunei sovereign wealth funds,......

Adityan, allies on TMB board

Ramachandra Adityan, who spearheaded the Nadar Mahajana Sangha Bank Share Investors Forum, and his supporters are now on the board of Tamilnad Mercantile Bank.The crucial and controversial 33 per......

Sivasankaran's TMB stake sale stymied

The Madras high court has granted an ad interim injunction to the Nadar Mahajana Sangam, the apex body representing the Nadars, restraining non-resident Indian investor C Sivasankaran from selling......

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