MCDONALD’S CORP. BUYS OUT THE REMAINING STAKE IN JV, “CONNAUGHT PLAZA RESTAURANTS LTD.”

MCDONALD’S CORP. BUYS OUT THE REMAINING STAKE IN JV, “CONNAUGHT PLAZA RESTAURANTS LTD.”

Connaught Plaza Restaurants Ltd (‘CPRL’) first came into existence in the year 1995 via a 50:50 joint venture agreement between Mr. Vikram Bakshi and McDonald’s India Private Limited whereby Mr. Bakshi would be the local partner for the all the north and east Indian outlets of McDonald’s India Private Limited for a period of 25 years. The first controversy surrounding this joint venture arose in the year 2008, when the Chicago-headquartered company tried to buy out Mr. Bakshi’s 50 per cent stake with an offer of $7 million dollars (approx).

newsletter-10-05-2019
SEBI SLAMS 1000 CRORE PENALTY

SEBI SLAMS 1000 CRORE PENALTY

On 30 April, 2019, the Stock Market Regulator, Securities and Exchange Board of India (SEBI), ordered the National Stock Exchange of India (NSE) to pay an amount of Rs. 624.89 crore with 12% per annum interest for having violated Stock Exchanges and Clearing Corporation (SECC) regulations.

newsletter-02-03-05-2019
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