Beena Parmar
Finance
Aditya Birla ARC buys distressed debt of a coal-fired power plant in Chhattisgarh
Aditya Birla Asset Reconstruction Company (ARC) has snapped up debt worth Rs 2,500 crore (about $344 million) of a firm ......
Finance
JM Financial Asset Reconstruction Company to exit another hotel asset
JM Financial Asset Reconstruction Company (ARC) is set to exit another hotel asset as the bankruptcy tribunal has okayed an ......
Finance
Will the NCLT order on DHFL deter financial investors from dabbling in IBC assets?
The bankruptcy tribunal’s move last Thursday directing lenders of Dewan Housing Finance Corporation (DHFL) to consider a settlement proposal from ......
Infrastructure
Suraksha holds edge over NBCC in upcoming lenders vote on Jaypee Infratech winner
The long-drawn-out battle for bankrupt real estate developer Jaypee Infratech will likely come to an end next week as the ......
Finance
Post-pandemic hope drives half-dozen NBFCs to public markets
Hope of a post-pandemic rebound is driving a flock of non-banking financial companies to the public markets, with at least ......
Finance
Abu Dhabi Investment Authority sells stake in large Indian private sector lender
The United Arab Emirates based sovereign wealth fund Abu Dhabi Investment Authority (ADIA) has diluted its holding below 1% in ......
Finance
Lone Star Funds files case against RattanIndia Finance alleging fraud, irregularities
A subsidiary of US-based private equity firm Lone Star Funds has moved the court against RattanIndia Finance Pvt Ltd alleging ......
Manufacturing
Chennai steel maker to buy rival under Insolvency and Bankruptcy Code
A Tamil Nadu-based steel manufacturer is set to acquire bankrupt steelmaker Kamachi Industries beating three other applicants under the Insolvency ......
Infrastructure
Mumbai ARC buys small portion of GVK power plant's debt, gives lender 80% haircut
A Mumbai-based asset reconstruction company (ARC) has acquired some debt of a Punjab-based stressed power project owned by the GVK ......
Infrastructure
Suraksha pulls ahead of NBCC in Jaypee Infratech race
Suraksha group is likely to defeat state-owned construction firm NBCC India Ltd in the latest bidding war being waged for ......