Sanjeev Kanoria completes acquisition of Austrian bank

The deal closed following regulatory approvals of the euro 65.5 million offer,agreed in May this year, said a press statement.

Even as Hemant Kanoria-led SREI Infrastructure Finance is in the race for a new bank permit,his brother Sanjeev Kanoria’s Anadi Financial Holdings has completed the purchase of troubled Austrian bank Hypo Alpe-Adria-Bank.

The deal closed following regulatory approvals of the euro 65.5 million offer,agreed in May this year, said a press statement.

The British Indian entrepreneur Sanjeev said in a statement,We have been looking for a bank anchored in European culture with close relationships to clients,and which fits our investment strategy for some time.

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He will however,only be the Vice-Chairman of the Supervisory Board of the bank,which will be headed Martin Czurda,former CEO at Amsterdam Trade Bank.

Hemant Kanoria has distanced himself from the transaction and said it will in no way influence SREI’s application for a bank licence. SREI is in no way involved in the transaction and I have no details about it, he told The Indian Express.

The RJD’s key face and Leader of the Opposition (LoP) Tejashwi Yadav, party supremo Lalu Yadav’s son, will again contest from his stronghold Raghopur.

Amid Mahagathbandhan crisis, RJD unveils list of 143, drops 36 MLAs, focuses on ‘M-Y’

Political Pulse7 hr ago

The RJD, lead player of the Mahagathbandhan, released its full list of 143 candidates for the November Bihar Assembly elections. Its key face Tejashwi Yadav will contest from Raghopur, and 41 sitting MLAs have been renominated. The party has dropped 36 sitting MLAs and fielded young leaders, signaling a bid to consolidate its core Muslim-Yadav vote base. The Congress has fielded 60 candidates.

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