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SBI-led lenders to Calyx Chemicals agree for 95% haircut in takeover bid

Healthcare

30 May, 2019

SBI-led lenders to Calyx Chemicals agree for 95% haircut in takeover bid

State Bank of India and other creditors to Calyx Chemicals & Pharmaceuticals Ltd will get less than 5% of their ......

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Parabolic Drugs set to chart recovery path as lenders approve takeover bid

Healthcare

29 May, 2019

Parabolic Drugs set to chart recovery path as lenders approve takeover bid

Debt-laden Parabolic Drugs Ltd is headed on the road to recovery after its lenders gave their stamp of approval to ......

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Two drugmakers in race for Orchid Pharma as revival hopes brighten

Healthcare

20 May, 2019

Two drugmakers in race for Orchid Pharma as revival hopes brighten

Orchid Pharma Ltd has attracted takeover interest from three suitors, including two drugmakers, re-igniting hopes for a revival of the ......

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NCLT clears JNPT's plan to acquire Dighi Port, rejects Adani plea

Infrastructure

14 May, 2019

NCLT clears JNPT's plan to acquire Dighi Port, rejects Adani plea

A bankruptcy court has approved a resolution plan by government-owned Jawaharlal Nehru Port Trust (JNPT) to buy debt-laden Dighi Port ......

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Debt-laden Garden Silk may draw interest from asset reconstruction firm

Manufacturing

12 March, 2019

Debt-laden Garden Silk may draw interest from asset reconstruction firm

Garden Silk Mills Ltd is likely to evince interest from an asset reconstruction company as its biggest lender will soon ......

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Exclusive: ARC emerges as front runner to take over debt-ridden Aircel

TMT

01 March, 2019

Exclusive: ARC emerges as front runner to take over debt-ridden Aircel

An asset reconstruction company is on track to take over debt-laden telecom firm Aircel, a person familiar with the development ......

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Brookfield's plan for big-ticket Indian hospitality deal hits rough weather

Consumer

27 February, 2019

Brookfield's plan for big-ticket Indian hospitality deal hits rough weather

Canadian investment firm Brookfield Asset Management Inc.'s attempt to seal a big-ticket deal in India’s hospitality sector has hit a ......

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Buyers eyeing pre-packaged deals for stressed assets: I-banker Mahesh Singhi

Finance

18 February, 2019

Buyers eyeing pre-packaged deals for stressed assets: I-banker Mahesh Singhi

India’s new bankruptcy law has been considered a game-changer meant to address non-performing assets, but it has also suffered from ......

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Another PE-backed stressed firm set to change hands under bankruptcy law

Manufacturing

13 February, 2019

Another PE-backed stressed firm set to change hands under bankruptcy law

JSW Steel Ltd has moved a step closer to acquiring Bhushan Power & Steel Ltd, in another instance of a ......

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GIC to end up with a lemon as rare sovereign fund bet goes bust in India

Consumer

06 February, 2019

GIC to end up with a lemon as rare sovereign fund bet goes bust in India

Singapore sovereign wealth fund GIC, one of the most active in India among its global peers, is set to see ......