NCLT
Manufacturing
NCLT approves ArcelorMittal's takeover bid for Essar Steel
India’s bankruptcy court on Friday approved global steel giant ArcelorMittal SA’s bid for debt-ridden Essar Steel, potentially ending months of ......
TMT
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 ......
Manufacturing
NCLT rejects Ruias' loan settlement offer for Essar Steel
The National Company Law Tribunal (NCLT) has rejected a loan settlement offer by Essar Steel's promoters, in a big blow ......
General
JSW may back Ruias for Essar Steel bid; Blackstone, Xander eye VG Siddhartha's estate
JSW Steel and undisclosed foreign investors have agreed to support the Ruia family in its effort to win back control ......
Finance
SBI puts its entire loan exposure to debt-laden Essar Steel on the block
State Bank of India (SBI) has put its entire loan exposure to debt-laden Essar Steel Ltd worth Rs 15,431 crore ......
Finance
NCLT allows govt to reopen books of IL&FS group
The National Company Law Tribunal (NCLT) has taken the unprecedented step of allowing the government to reopen and recast the ......
Finance
IL&FS puts six properties on the block in bid to pare debt
Infrastructure Leasing and Financial Services (IL&FS) has invited bids for six of the group's properties amid continuing efforts to divest ......
Finance
Multiples PE scraps stressed assets investment programme
Renuka Ramnath-led private equity firm Multiples Alternate Asset Management has shut down its stressed assets investment division two years after ......
General
Fairfax may sell stake in ICICI Lombard; Sequoia may back ed-tech firm Eruditus
Fairfax, which is controlled by investor Prem Watsa, known as the “Warren Buffett of Canada”, is considering reducing its stake ......
People
Data firm promoter takes PE investor to court over removal
A promoter of Xact Data Discovery India Pvt. Ltd has taken the company’s US-headquartered private equity owner to court over ......
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