- Yes Bank ties up with Malaysia bank
- Asian Paints to demerge subsidiary
- Apollo Hospitals to divest stake in arm
Yes Bank ties up with Malaysia bank
Private sector Yes Bank Ltd on Wednesday announced an agree ment with Malaysia's Malayan Banking Berhad (Maybank), to collaborate on investment banking advisory, corporate banking, trade finance, remittances and other allied services between the two countries.
Asian Paints to demerge subsidiary
Asian Paints Ltd will demerge its wholly owned subsidiary Asian Paints Coatings Ltd with Asian PPG Industries Ltd, a joint venture with US based PPG Industries Inc., the firm informed the stock exchanges.
Along with this, two subsidiaries of PPG Industries--PPG India Pvt. Ltd and PPG Coatings India Pvt. Ltd, will also merge with the joint venture.
Apollo Hospitals to divest stake in arm
Apollo Hospitals Enterprise Ltd expects to divest stake in its health care outsourcing arm,
Apollo Health Street.
Apollo Health Street.
Dr Prathap C. Reddy, executive chair man of Apollo Hospitals Group said three firms showed interest in picking up a stake. He did not disclose details on how much the hospital chain plans to divest. “We prefer to divest shares to an information technology provider having expertise in healthcare”, he said.
(Source.mintlive.com)