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M&A: Merger of Defaulting Companies With Their Group Companies

Updated: Jan 18, 2022

The issue goes back to mid FY 2013, when National Spot Exchange Limited (NSEL), a popular spot exchange for trading in commodities, was reported to be under payment crisis to the tune of more than INR 5500 crores when commodities traded on the exchange were found to be not backed by stocks in its warehouses.

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