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Margin Calls In Times Of Covid-19
01 Apr 2020, 01:28 PM IST
The Bombay High Court recently passed an order injuncting IDBI Trusteeship Services Ltd. from selling the shares of Future Retail Ltd., which were pledged as a security for the debentures issued by another Future group promoter company. The reason underlying this relief is a sharp decline of over 60 percent in the value of the equity stock of Future Retail since the beginning of March, due to the spread of Covid-19 in India and the s...
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