Beena Parmar
Finance
PE investor Bay Tree sells a third of its stake in Yes Bank; sitting on 1.2x returns
Bay Tree India Holdings has sold almost a third of its stake in Yes Bank at a price that indicates ......
Manufacturing
Mumbai-based ARC partners local investor to acquire stressed Odisha steel plant
A Mumbai-based asset reconstruction company (ARC), along with a local investor, has bought a stressed Kolkata-based firm that owns a ......
Infrastructure
Kotak Special Situations Fund approaching halfway point in deployment
The alternative investment arm of Kotak Investment Advisors Ltd will soon have deployed half its $1 billion fund as it ......
Manufacturing
KKR-backed stressed textile firm avoids bankruptcy as tribunal tosses lender plea
A tribunal has rejected a plea of government-owned Bank of Baroda (BoB) to initiate bankruptcy against a Mumbai textile company ......
Finance
After five years, why are bankruptcy resolutions still a fraction of filings?
Less than eight per cent of the bankruptcy filings have been resolved with over three times as many cases ending ......
Finance
NCLT rejects Edelweiss ARC's plea for Mumbai-based water park's bankruptcy
The National Company Law Tribunal (NCLT) has rejected a bankruptcy plea filed by the Edelweiss Assets Reconstruction Company Ltd (ARC) ......
Manufacturing
Lenders take nearly 61% haircut in stressed MSP Sponge Iron OTS scheme
The promoters of Kolkata based MSP Sponge Iron Ltd have completed a one-time settlement (OTS) scheme with its consortium of ......
Finance
Hong Kong-based Ares SSG raises capital for third secured-lending fund
Alternative asset manager Ares SSG, previously known as SSG Capital, has raised capital for its latest secured lending fund focused ......
Infrastructure
Chennai consultancy gets greenlight to rescue power plant in Rajasthan
The bankruptcy tribunal has okayed a Chennai consultancy’s plan to rescue a power plant based in the Bikaner district. Refex Industries’ ......
Infrastructure
Blackstone-backed IARC aims to yank a road out of bankruptcy
International Asset Reconstruction Company (IARC), backed by Blackstone, is set to acquire a southern toll road asset under the bankruptcy ......
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