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Fund Scan: How Apollo-ICICI's AION Capital is navigating through ‘stressful' times

Finance

19 December, 2019

Fund Scan: How Apollo-ICICI's AION Capital is navigating through ‘stressful' times

Of all the mighty Greek gods, Apollo is by far the most popular. But few would have heard of Aion. Apollo, ......

Indian steelmakers face debt challenges after snapping up stressed assets

Manufacturing

29 October, 2019

Indian steelmakers face debt challenges after snapping up stressed assets

India's biggest steelmakers may be suffering from buyer's remorse as assets they bought from bankrupt rivals stretch their bottom lines ......

JSW-AION consortium gets NCLT nod to acquire Monnet Ispat

Manufacturing

19 July, 2018

JSW-AION consortium gets NCLT nod to acquire Monnet Ispat

The National Company Law Tribunal on Thursday approved the sale of bankrupt metals firm Monnet Ispat & Energy Ltd to ......

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How dealmaking in stressed assets is reshaping India's steel industry

Manufacturing

23 May, 2018

How dealmaking in stressed assets is reshaping India's steel industry

The steel industry in India, the world's third-biggest producer of the alloy, is undergoing a churn as large local and ......

Blackstone-backed Monnet Ispat in talks to sell steel and power business

Manufacturing

28 September, 2016

Blackstone-backed Monnet Ispat in talks to sell steel and power business

Debt-laden Monnet Ispat and Energy Ltd (MIEL) is in advanced discussions with various investors for a stake sale in the ......

Lenders to take 51% stake in Blackstone-backed Monnet Ispat

Infrastructure

27 November, 2015

Lenders to take 51% stake in Blackstone-backed Monnet Ispat

A group of lenders to Monnet Ispat & Energy Ltd have decided to convert their unsecured loans into shares, a ......

Monnet may sell Orissa Sponge stake to Bhushan Steel

Manufacturing

26 August, 2015

Monnet may sell Orissa Sponge stake to Bhushan Steel

Monnet Ispat and Energy Ltd has agreed to sell its equity stake in Orissa Sponge Iron & Steel Ltd to ......

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CX Partners completes debut exit; pulls out of Monnet Ispat with loss

Manufacturing

13 July, 2015

CX Partners completes debut exit; pulls out of Monnet Ispat with loss

India-focused private equity firm CX Partners has made its maiden full exit from its portfolio by selling its entire stake ......

Ajay Relan steps down from Monnet Ispat board

Infrastructure

04 December, 2013

Ajay Relan steps down from Monnet Ispat board

Ajay Relan, a non-executive independent director at Monnet Ispat & Energy Ltd, has stepped down from his position at India's ......

Monnet Ispat in bidding war with Bhushan Steel for Orissa Sponge Iron

Manufacturing

06 July, 2012

Monnet Ispat in bidding war with Bhushan Steel for Orissa Sponge Iron

A bidding war is at works for Orissa Sponge Iron & Steel Co. Jajodias promoted Monnet Ispat & Energy has ......