By -
Image
SumanSpeaks Capital Markets & Geopolitical Intelligence  ·  Estd 2006   Insolvency Law · Corporate Accountability When the Law Works Exactly as Designed — And Still Feels Wrong ₹22,006 crore in personal guarantees. Settled for ₹6.5 crore. Approved 80.81% to a minority that included two public sector banks — with the tribunal's own bench divided before a tie-breaking member stepped in. Subhash Chandra (Goenka), founder of the Essel Group and promoter emeritus of Zee, has settled a personal guarantee liability of ₹22,006 crore for ₹6.5 crore. The National Company Law Tribunal approved the plan this week. The case began small. In 2022, Indiabulls Housing Finance — now Sammaan Capital — moved against Chandra over a personal guarantee on a ₹170 crore loan to Vivek Infracon. By the time the insolvency plea was admitted in 2024, admitted c...
Post a Comment
By -
GEMS school opens in Baniyas City
[Editor: Gems Education Ltd is the promoter of Everonn Education Ltd (Rs.32.80), which has started to perform. Very recently there were media reports that, GEMS Education Ltd's, Sunny Varkey is selling up to 33% stake of the company in a bid to raise $500m (Rs.3050 crore). It is speculated that some of the funds could be utilized to clear off a part of the debts of Everonn Education Ltd; thought it is widely believed that, this large chunk of funds raised would be used to pay off the company’s (Gems Education) existing loans with the Abraaj Group]
GEMS Education boss Sunny Varkey is selling up
 to 33% of the company in a bid to raise $500m.
GEMS Cambridge International School – Abu Dhabi at Bawabat Al Sharq (BAS) project in Baniyas City has opened this academic year with over 1,205 students in Foundation Stage 1 (FS1) to Year 8.

The school is owned and operated by GEMS Education, one of the world’s largest private school operators, in partnership with the Baniyas Investment and Development Company (BIDC), the investment arm of Baniyas Sports Club. The project was completed in less than 14 months.

Offering the National Curriculum for England from FS1 — eventually through to Year13 — GEMS Cambridge will ultimately cater to 3,400 students.

Commenting on the opening of the school, Subhi Benkhadra, CEO of BIDC, said: “This marks an important milestone in our ongoing partnership with GEMS Education and for the BAS project as a whole. The BIDC is bringing a wide range of services to the residents of Baniyas City and the region, now including one of the very best private schools in the entire country.

“The response to the school by families in Abu Dhabi has been wonderful. We have opened with over 1,205 students in FS1 to Year 8; demand for places has been very high. We look forward to the growth and development of the school as we expand our year groups and become a cornerstone of the community,” said Rebecca Plaskitt, Principal of GEMS Cambridge International School – Abu Dhabi.

GEMS Cambridge International School – Abu Dhabi is part of Phase III of the Bawabat Al Sharq Project — a Dh3 billion complete community project in Baniyas City. The development is a mix of modern residential, retail, entertainment and commercial facilities. It comprises premium apartments, villas, health care and educational facilities, and the distinctive BASMall, which hosts 240 prime retail shops and facilities over two floors covering a gross leasable area of 62,625 square metres.

GEMS Education owns and operates a global network of award-winning international schools. The GEMS schools provide high quality holistic education to more than 142,000 students of 151 nationalities.

Courtesy: Khaleej Times

Popular posts from this blog

By -
Image
Hikaru Nakamura and Atousa Pourkashiyan: A Checkmate in Love – A Grand Union Forged on the 64 - Squares.... Introduction: Hikaru Nakamura, a name synonymous with modern chess, is a prodigy-turned-legend whose brilliance has redefined the contours of the game.  A five-time U.S. Champion, his fearless strategies and dynamic online presence have made him an unparalleled force in the chess world. In 2023, however, the grandmaster made headlines for a personal milestone: his marriage to the courageous and equally accomplished chess player, Atousa Pourkashiyan. Atousa, a Women's Grandmaster (WGM), is a celebrated chess player and a symbol of resilience. Her bold decision to compete without a hijab during the 2022 World Rapid and Blitz Championship became a landmark moment in the global spotlight. This act was a direct expression of solidarity with the Mahsa Amini protests in Iran, where women have continued to fight against oppressive mandates, demanding the freedom to choose their attir...
Read more
By -
Image
Turnaround Play? 3i Infotech Bets on ₹100-Crore Rights Issue to Power Growth. ~Sumon Mukhopadhyay. ------------------------------------ Introduction: Founded in 1993 and headquartered in Mumbai , 3i Infotech Limited is a global IT services provider with over three decades of expertise in digital transformation.  With a workforce exceeding 4,300 professionals and a client base spanning India, North America, the Middle East & Africa (MEA), and Asia-Pacific (APAC) , the company operates across three strategic verticals:  🔹Infrastructure Services (cloud and cybersecurity), 🔹 Application-Automation-Analytics , and  🔹 Business Process Services . In FY25 , 3i Infotech posted consolidated revenues of ₹725.75 crore (India: ₹335.80 crore; US: ₹287.34 crore; MEA: ₹74.98 crore; APAC: ₹27.63 crore) and achieved a net profit of ₹25.3 crore , marking a significant turnaround from a ₹313.6 crore loss in FY24 .  To reinforce this recovery, the company has proposed a ...
Read more
By -
WINNING STROKES: THINK DIFFERENT: Please STOP investing in companies by simply looking at their past quarterly/annual results. More quickly you do away with this BAD habit, the better it will be for your investment philosophy. Please remember a debt free company (zero liability) which is closed, has tremendous value, unlike what an Old Analyst from Bombay is trying to make us understand. How will the markets behave today?? This portion only to the Paid Groups.... My Mom (mother) is seriously ill (who is suffering from Cancer) and hence the services to the Free and Paid Groups might be affected in the days to come... Galada Power and Telecom Ltd, which was recommended yesterday to the Paid Group through an SMS and then to the Free Group, hit the upper circuits. The company has 4 acres of land in Uppal , whose current market price is around Rs.24--Rs.28 Cr. However, what is the latest development in the company?? This portion only for the Paid Groups. Sanguine Media Services Ltd hit ...
Read more