March 26, 2018 / 9:23 AM / a month ago

BRIEF-Sterling Guaranty & Finance Approves Co's Exit From NBFC Business

March 26 (Reuters) - Sterling Guaranty & Finance Ltd :

* APPROVED CO’S EXIT FROM NBFC BUSINESS AS “REQUIREMENT OF CAPITAL HAS INCREASED SUBSTANTIALLY TO REMAIN COMPETITIVE”

* SAYS CO RESOLVED THAT PROPOSED RIGHT ISSUE OF 33 MILLION RUPEES BE DEFERRED

* ‍CO TO VOLUNTARILY SURRENDER TO RBI CANCELLATION OF CERTIFICATE OF REGISTRATION AND CEASE TO DO BUSINESS OF NBFI/NBFC Source text - bit.ly/2G5yrmQ Further company coverage:

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