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Reliance, Ares SSG-backed unit win bid for stressed Sintex Industries

Manufacturing

21 March, 2022

Reliance, Ares SSG-backed unit win bid for stressed Sintex Industries

A joint consortium of Mukesh Ambani-owned Reliance Industries (RIL) along with Ares SSG Capital-backed Assets Care & Reconstruction Enterprise Ltd has received ......

9Unicorns-backed LegalPay launches healthcare-focused fund for retail investors

Finance

18 January, 2022

9Unicorns-backed LegalPay launches healthcare-focused fund for retail investors

9Unicorns-backed tech-based litigation financing start-up LegalPay has launched a Special Purpose Vehicle (SPV) and healthcare-focused fund for retail investors for ......

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Distressed deals soar in 2021; Bad bank, IBC measures raise hopes for 2022

Finance

30 December, 2021

Distressed deals soar in 2021; Bad bank, IBC measures raise hopes for 2022

Calendar year 2021 opened doors for larger deals in the distressed assets space in 2022 following a year of some ......

Ares SSG arm-Reliance and Welspun among 4 bidders to acquire stressed Sintex Industries

Manufacturing

13 December, 2021

Ares SSG arm-Reliance and Welspun among 4 bidders to acquire stressed Sintex Industries

Billionaire Mukesh Ambani-owned Reliance Industries (RIL) has partnered with Ares SSG Capital-backed Assets Care & Reconstruction Enterprise Ltd (ACRE) to be among ......

RBI takes control of Anil Ambani-owned Reliance Capital, to push for insolvency

Finance

29 November, 2021

RBI takes control of Anil Ambani-owned Reliance Capital, to push for insolvency

The Reserve Bank of India (RBI) has superseded the Board of businessman Anil Ambani-owned Reliance Capital Ltd, and will soon ......

Singapore's Broad Peak, Brescon partner for $300 mn special situation investment in India

Finance

23 November, 2021

Singapore's Broad Peak, Brescon partner for $300 mn special situation investment in India

Singapore-based Broad Peak Investment Advisors Pvt Ltd (Broad Peak) has entered into a strategic partnership with Brescon & Allied Partners ......

9Unicorns-backed LegalPay bails out hospital firm under IBC with interim finance

Finance

21 October, 2021

9Unicorns-backed LegalPay bails out hospital firm under IBC with interim finance

9Unicorns-backed tech-based litigation financing start-up LegalPay on Thursday said it is offering interim finance toYashomati Hospitals Pvt Ltd under the ......

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BlackRock managing director on India's 'handle with care' stressed assets market

Finance

13 August, 2021

BlackRock managing director on India's 'handle with care' stressed assets market

The Indian stressed assets market needs to sharpen focus on the long term credit ecosystem, bring more local experts to ......

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NCLTs lash out at insolvency resolution professionals over steep haircuts

Finance

22 July, 2021

NCLTs lash out at insolvency resolution professionals over steep haircuts

“Get better resolutions…reduce haircuts…will not approve the plans with low value offerings...”  These are some of the latest pronouncements heard at ......

Insolvency law supervisor tweaks rules to boost transparency in bankruptcy process

Finance

21 July, 2021

Insolvency law supervisor tweaks rules to boost transparency in bankruptcy process

In a bid to bring more accountability and improvement to the bankruptcy resolution process, the Insolvency and Bankruptcy Board of ......