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Amalgamation of Bikaji Foods with Wholly-Owned Subsidiary VSPL

BIKAJI FOODS ; NCLT Approves Amalgamation of Bikaji Foods with Wholly-Owned Subsidiary VSPL✅ Scheme Cleared: National Company Law Tribunal (NCLT) Jaipur bench approved the amalgamation of Vindhyawasini Sales Pvt Ltd (VSPL) into Bikaji Foods.🔄 Internal Restructuring: VSPL was a wholly owned subsidiary — no share exchange involved; all shares of VSPL to be cancelled.📅 Effective Date: Merger

RBI Releases directions on lending against gold, silver collateral

MUTHOOT FINANCE, MANAPPURAM; RBI Releases directions on lending against gold, silver collateralMaximum loan-to-value ratio to be 85% for gold loans up to 250,000Maximum loan-to-value ratio 80% for gold loans 2.5-5 lakhMaximum loan-to-value ratio 75% for gold loans above 5 lakhNeed detailed credit assessment for gold loans above ₹2.50 lakh