Stock Market Today Latest News 28June2023
Stock Market Latest News
SBI Acquisition of 20% stake in SBI Pension Funds Ltd
Acquisition of Entire Stake held by SBI Capital Markets Ltd. in SBI Pension Funds Pvt. Ltd. by State Bank of India
SBI Pension Funds Private Limited (SBIPFPL) SBI has proposed for acquisition of 20% stake in SBI Pension Funds Pvt Ltd currently held by SBICAPS (wholly owned subsidiary of SBI), subject to all regulatory clearances.
ZIM Lab Invests Key Partnerships in Australia and MENA
ZIM Laboratories Limited has announced strategic investments in Australia and the MENA region to expand its presence in Developed and Pharmerging markets. For Australia and New Zealand markets, ZIM’s Board has approved an investment in a local startup company to enhance its registration, marketing, distribution, and sales capabilities for New Innovative
Products (NIP) and Oral Thin Films (OTF). The investment grants ZIM 99% ownership of the company.
Induslnd Bank Mr. Bajpeyi Appointment of Chief Risk Officer of the Bank
Mr. Vivek Bajpeyi as the Chief Risk Officer of the Bank with effect from June 28, 2023 till September 30, 2025 .
Mr. Bajpeyi has over 30 years of Banking experience in India and Indonesia, which includes leadership roles in Credit & Risk Management, Corporate & Investment Banking and Distressed Asset Management with Global and Indian financial institutions. He joins us from RBL Bank where he worked as Head of Corporate Finance and previously as Head of Risk, CIB. Prior to that he worked with IDFC as Dy. Chief Risk officer, Nomura Securities as MD/ Head of Risk Management, India and Deutsche Bank as . Head of Corporate & Investment Bank in . Chennai, amongst others.
As a founding team member at IDFC Bank and at Nomura India, prior to that, he played a key part in rolling out a significant franchise for these organizations. He gained exposure to key global financial markets as a member of Global Risk Executive Committee of Nomura. Mr. Bajpeyi has extensive experience in building teams, implementing change and managing a complex portfolio of assets.
