NRI Sanjay Mehrotra, CEO of Micron Technologies, plans to sell up to $20 million in chipmaker shares, sending shares of Micron Technologies down slightly in pre-market trade on Monday. The planned sale will be conducted by the Mehrotra Family Trust, where Mehrotra serves as trustee. The Trust...
Exchange Management Act, 1999, and entails that non-resident Indians and PIOs cannot buy property in India that is agricultural land, plantation or farmhouse. PIOs will need to file a declaration form IPI 7 with the central office of the RBI within 90 days of purchase of immovable property....
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Ebix has retained Jefferies LLC to help with the sale process. The stock was headed for the biggest one-day percentage loss since going public in 1987, and was on track to open at the lowest price seen since October 2006. It had plummeted 75.3 per cent year-to-date through Friday, while...
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