Beena Parmar
Finance
UV ARC set to float maiden distressed assets fund
UV Asset Reconstruction Company Ltd (UV ARC) is planning to float its debut fund for buying distressed assets, a person ......
Healthcare
Exclusive: Sole bidder emerges for bankrupt pharma firm Parabolic Drugs
Parabolic Drugs Ltd, a listed bulk drugs manufacturer which is currently undergoing insolvency proceedings, has received a takeover offer from ......
Infrastructure
Adani seals buyout of stressed thermal power asset in big-ticket deal
Adani Power Ltd has sealed the buyout of a thermal power producer more than four years after first announcing an ......
General
Stressed assets: RBI to revise bad loans norms; Jet Airways' lenders eye stake sale
At a time when the country's banking system is saddled with a pile of over Rs 10 lakh crore worth ......
Economy
What the SC order on stressed assets means for ARCs, PE funds, strategic buyers
The Supreme Court (SC) order quashing the central bank’s framework on bad loans may give more shopping time to investors, ......
Finance
Can the BlackRock-HCC transaction trigger more litigation funding deals in India?
Last week, Hindustan Construction Co. Ltd agreed to sell a big chunk of project claims under litigation to an investor ......
Finance
How Spotify inspired Catholic Syrian Bank to look at an unusual listing plan
In April last year, Sweden's Spotify Technology SA went public in an unconventional manner. The world's largest music streaming service ......
Finance
Ambit to sell stake in ARC joint venture with JC Flowers to local, foreign firms
Ambit Pvt. Ltd is set to exit its asset reconstruction joint venture with US-based JC Flowers & Co. by selling ......
Finance
Former Axis Capital merchant banker joins as CEO of state-run lender
A former deputy chief executive officer of Axis Capital will join a government-owned tourism industry financier as managing director and ......
Finance
ARCs, stressed asset investors look for deals as banks auction $3.6 bn of bad loans
Asset reconstruction companies (ARCs) and other investors may pursue distressed assets more actively in coming weeks as banks auction more ......