The committee will meet on Friday to consider and determine the issue price for the equity shares, including a discount
Nirav Modi had fled India after allegedly siphoning off about Rs 13,0000 crore from Punjab National Bank using Letters of Undertaking in collusion with his uncle Mehul Choksi.
Nirav Modi is wanted in connection with Punjab National Bank fraud case.
Extradition of economic offenders was one of the key issues discussed in the Foreign Secretary's recent visit to the UK.
It is to be noted that Choksi had been living in Antigua for over a year now.
Choksi is accused of cheating state-run Punjab National Bank to the tune of Rs 13,000 crore in alleged collusion with his nephew Nirav Modi.
UK court accepts evidence by Indian authorities as "broadly admissible", next hearing on January 7 and 8.
This came when the lawyer was arguing before the court against the ED application to declare Modi a fugitive under the Fugitive Economic Offenders Act.
The court was hearing the Enforcement Directorate's application to declare Choksi as a 'fugitive economic offender.'
The agency has attached assets worth over Rs 700 crore of Nirav Modi and his family in the country till now.
"We have arrested Deepak Krishna Rao Kulkarni from Kolkata Airport on the basis of a Look Out Circular (LOC) issued against him late on Monday," a senior ED...
The ED is probing this case along with the CBI where it is alleged that Nirav Modi and Choksi defrauded the Brady House branch of the Punjab National Bank in...
It alleged that PDP MLA Ansari, his uncles - Amjad Abbas and Abid Hussain, and his first cousin Kumail Hussain have an outstanding balance of Rs 32.47 crore...
Choksi is wanted in India over his alleged involvement in a scheme that defrauded Punjab National Bank of $2 billion.
Choksi, in his application moved before the special PMLA court, claimed he faces a threat to his life not only from his former employees and debtors but also...
The court also expressed "serious concern" over Modi's statement that he will not submit to jurisdiction of Indian agencies or courts
PNB was hit by the country's biggest-ever banking fraud of more than Rs 13k-Cr by Nirav Modi and his associates