Cos Face Delays in Transferring Money Abroad
Several mid-sized and small Indian companies with overseas units are facing delays in securing regulatory approvals for investments into foreign subsidiaries or payments to offshore investors, people familiar with the matter told ET.
RIL, CP Group, Lightspeed in Fray for Metro’s India Biz
Reliance Industries, Thailand’s largest conglomerate CP Group, and Lightspeed Venture Partners — the majority shareholder of online wholesale platform Udaan — have emerged as the three final bidders for Metro Cash and Carry’s India business, two senior industry executives said.
