Hemendra Kothari, the former chairman of DSP Merrill Lynch, is set to acquire Ambuja Cements' stake in ING Vysya Life Insurance for around Rs 190 crore.
We have a great team and they are quality people with decades of experience. Everyone would like to retain them, says Hemendra Kothari, Chairman, DSP Merrill Lynch.
I would say don't look at the market because fundamentally our economy is good and one has to see the economic story of the country and not only the market.
In 2006, Kothari had sold 48 per cent stake in the company to Merrill Lynch. Kothari will be retiring from the company effective from March 31.
New York-headquartered hedge fund BlackRock Inc has acquired the 40 per cent stake held by Merrill Lynch in mutual fund DSP Merrill Lynch Fund Managers, in a move that signals the world's fifth largest asset manager's entry into the booming Indian market.
The woman who had accused environmentalist R K Pachauri of sexual harassment, on Tuesday tore into TERI, saying the "shameful" decision of appointing him as executive vice-chairman of the green body made her "flesh crawl", and resolved to take the case to a logical conclusion.
Deal with current owner Exide may be signed next week
Police probe still on; ex-parte stay against sexual harassment panel report and court permission to enter premises help NGO chief