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PE exits hit 5-year low as investors caution over valuations: IIFL-VCCEdge report

Finance

22 December, 2021

PE exits hit 5-year low as investors caution over valuations: IIFL-VCCEdge report

Private equity (PE) exits hit a five-year low with deal volume and value falling 18%, led by a dip in ......

SBI picks up minority stake in Apollo-backed JSW Cement

Finance

21 December, 2021

SBI picks up minority stake in Apollo-backed JSW Cement

India’s largest lender, the State Bank of India (SBI), has invested Rs 100 crore in JSW Cement, a part of the ......

SBI may offload 6% stake in its asset management arm via IPO

Finance

15 December, 2021

SBI may offload 6% stake in its asset management arm via IPO

State Bank of India, India's largest and biggest public sector lender, on Wednesday said it will explore possibilities to offload ......

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SBI puts Rs 4,000 cr loan exposure in KSK Mahanadi up for sale

Finance

02 December, 2021

SBI puts Rs 4,000 cr loan exposure in KSK Mahanadi up for sale

State Bank of India, the country’s largest public sector lender, has put loans worth Rs 4101.87 crore ($547 million) in ......

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Distressed steel investor Nithia Capital set to buy North-based steel firm for Rs 316 cr

Finance

29 November, 2021

Distressed steel investor Nithia Capital set to buy North-based steel firm for Rs 316 cr

A UK-based distressed steel investor consortium, led by Nithia Capital Resources LLP (Nithia), has received approval from an insolvency tribunal ......

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Ares SSG arm, four other investors acquire 100% debt of Jayaswal Neco

Manufacturing

27 August, 2021

Ares SSG arm, four other investors acquire 100% debt of Jayaswal Neco

More than two years after the initial agreement was signed, global asset managers Bank of America, Davidson Kempner Capital Management, ......

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Omkara Assets Reconstruction's bid for Odisha steel maker gets greenlight

Manufacturing

12 August, 2021

Omkara Assets Reconstruction's bid for Odisha steel maker gets greenlight

The bankruptcy tribunal has okayed Omkara Assets Reconstruction Pvt Ltd’s bid to acquire Jagannath Sponge Private Ltd in a deal ......

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UVARCL picks up 15% debt of engineering services firm from SBI

Finance

09 August, 2021

UVARCL picks up 15% debt of engineering services firm from SBI

UV Asset Reconstruction Company Ltd (UVARCL) has bought about 15% debt of a stressed construction and engineering services firm, two ......

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Nithia Capital, Prudent ARC, and 10 strategic players circle bankrupt steelmaker

Manufacturing

19 July, 2021

Nithia Capital, Prudent ARC, and 10 strategic players circle bankrupt steelmaker

Nithia Capital Resources Advisors LLP, Prudent ARC, Orissa Metaliks and other metal and steel firms are among 12 bidders for ......

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Jet Airways lenders to take 9.5% stake, massive haircut

Infrastructure

01 July, 2021

Jet Airways lenders to take 9.5% stake, massive haircut

The final winning bidder consortium of Dubai-based businessman Murari Lal Jalan and German investor Florian Fritsch will acquire embattled Jet ......