Due Diligence News

We toughened due diligence after scams in India: Paul Rowley of De Beers

We toughened due diligence after scams in India: Paul Rowley of De Beers

The world's leading rough diamond miner, De Beers, has decided to approve sightholders only with 70: 30 debt equity ratio for any contractual requirement of rough diamond for the financial year 2017-18, says Paul Rowley, Executive Vice president, De ...

'GDPR is not a one-time policy, but a practice in perpetuity', Hrishikesh Datar of Vakilsearch.com

'GDPR is not a one-time policy, but a practice in perpetuity', Hrishikesh Datar of Vakilsearch.com

I personally do not believe this will impact Indian VCs. Investments will continue to happen as they are. Having said that, the screening will begin to get more stringent at the due diligence stage. If companies are not compliant, it could directly ...and more »

UPDATE 1-India's Fortis investors vote out fourth director after divisive investment decision

UPDATE 1-India's Fortis investors vote out fourth director after divisive investment decision

At a shareholder meeting on Tuesday, attendees voted to remove director Brian Tempest, as sought by East Bridge Capital and Jupiter India. The two investors, who together control 12 percent of Fortis, have said the four board members failed to exercise ...

India Digest: Samara in talks to buy More; Royal Sundaram stake sale; IAN fund

India Digest: Samara in talks to buy More; Royal Sundaram stake sale; IAN fund

Private equity major Samara Capital is in discussions to acquire Aditya Birla Retail's supermarket chain 'More' for around Rs 2,500 crore, according to a source-based report in The Economic Times. Samara, which has nearly completed due diligence of the ...

Thoothukudi killings: Protests planned near India's UK embassy over weekend

Thoothukudi killings: Protests planned near India's UK embassy over weekend

We argue that the regulator never did the due diligence at the time. It should never have been listed.” Local residents of Thoothukudi have been protesting the ₹3,500 crore expansion of the Sterilite Industries (India) copper smelter, arguing that ...

Investcorp close to acquiring IDFC's realty, PE business in India

Investcorp close to acquiring IDFC's realty, PE business in India

“Investcorp is in advanced talks to acquire IDFC Alternatives' PE and RE funds business and is currently conducting due diligence on the funds. The transaction is expected to be closed in a month's time. Going ahead, the focus of the firm, initially ...

Due diligence instructions for foreign investors in India

Due diligence instructions for foreign investors in India

are required to issue necessary guidelines and instructions from time to time for incorporating the requirements of due diligence, providing the procedure and manner of maintaining information by a reporting financial institution as defined in rule ...and more »

Procedures and strategies for anti-counterfeiting: India

Procedures and strategies for anti-counterfeiting: India

Intermediary liability is limited by certain exemptions established through compliance with due diligence requirements, including notice and takedown. The Supreme Court has analysed the provisions for notice and takedown and ruled that any notice to an ...

Foreign investors rebel in bidding war for India's Fortis Healthcare

Foreign investors rebel in bidding war for India's Fortis Healthcare

The Fortis board, which was split 5-3 on the issue, said it made the decision on the grounds that the Indian bidders were not asking to do any due diligence. On Tuesday, Jupiter and East Bridge, which jointly own just over 7 per cent of the company ...

Anti-Money Laundering (ALM) And Know Your Customer (KYC) Creating Jobs In India

Anti-Money Laundering (ALM) And Know Your Customer (KYC) Creating Jobs In India

Customer Due diligence (CDD) for banks based on BASEL committee for bank supervision is in place with all banks. With this as a background, all banks and financial institutions are on the lookout for ensuring the KYC and ALM process is adhered to. As ...