Shailaja Sharma
Infrastructure
JM Financial ARC to take majority stake in Hotel Leelaventure
The board of Hotel Leelaventure Ltd has approved a plan to transfer a majority stake to JM Financial Asset Reconstruction ......
General
India Inc's distress to worsen as 150 more firms face insolvency: Eight Capital
Indian companies with a total debt of at least $85 billion could face insolvency proceedings in coming months as banks ......
Infrastructure
Fortum to sell 54% stake in Indian solar power portfolio for $176 mn
Finnish clean energy firm Fortum on Friday said it has agreed to sell a 54% stake in its solar power ......
General
Stressed assets: UltraTech revises bid for Binani Cement; Videocon faces insolvency
As Indian banks grapple with stressed assets worth nearly $150 billion, various branches of the National Company Law Tribunal (NCLT) ......
Consumer
Mcleod Russel to sell 12 tea estates for $70 mn
Kolkata-based tea plantation company Mcleod Russel India Ltd said on Tuesday it has signed initial pacts with two companies to ......
Infrastructure
Greenko Energy raises $447 mn from GIC, ADIA
Greenko Energy Holdings Pvt. Ltd has raised about $447 million (Rs 3,000 crore) in equity funding from existing investors GIC ......
Infrastructure
Greenko to buy AT Capital-backed Orange Renewable for $300 mn
Renewable energy major Greenko Group has agreed to acquire AT Capital-backed Orange Renewable Power Pvt. Ltd for an equity value ......
General
Stressed assets: RCom insolvency on hold; Essar Steel seeks clarity on bidder
As Indian banks grapple with stressed assets worth nearly $150 billion, various branches of the National Company Law Tribunal (NCLT) ......
Manufacturing
Tata Chemicals upsizes deal to sell phosphate biz to Indorama
Tata Chemicals Ltd has completed the sale of its phosphatic fertilisers business to a step-down unit of Singapore’s Indorama Corporation ......
Infrastructure
Azure Power gets $135 mn from IFC, European lenders for rooftop solar unit
Azure Power Global Ltd has raised $135 million (Rs 900 crore) in debt funding from International Financial Corporation (IFC) and ......
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