Bank finance
This query is : Resolved
MANISH MITTAL
(Querist)
03 November 2011
MAY A BANK PROVIDE FINANCE TO A PVT LTD COMPNAY IN CASE OF CHANGE OF PROMOTERS ? e.g. XYZ PVT LTD IS RUNNING A HOSPITAL WHICH IS HELD & CONTROL BY X & Y PERSONS AS DIRECOTR AND SHAREHOLDER. MR A & B would like to acquired such pvt ltd compnay than a bank may finance to company aganist change of holding.
MANISH MITTAL
(Querist)
04 November 2011
Thanks Vishrut but explain how a bank may finance. there is no creation of fixed assets in the hand of company. how a bank may finance term loan or any other facility for change of shareholding pettern. its urgent
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