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Mid-sized and smaller distressed steel assets likely to see indirect PE interest

Manufacturing

16 August, 2021

Mid-sized and smaller distressed steel assets likely to see indirect PE interest

Given a competitive pricing advantage and strong steel demand, several mid-sized and smaller distressed steel assets could be snapped up ......

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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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Lenders okay JC Flowers ARC's bumped-up purchase plan for stressed pipemaker

Manufacturing

24 June, 2021

Lenders okay JC Flowers ARC's bumped-up purchase plan for stressed pipemaker

Lenders led by government-owned Canara Bank have okayed JC Flowers Asset Reconstruction Company’s bumped-up acquisition plan for a Hyderabad-based stressed ......

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Maithan Alloys to buy Andhra plant in liquidation process, over 90% haircut for lenders

Manufacturing

01 June, 2021

Maithan Alloys to buy Andhra plant in liquidation process, over 90% haircut for lenders

Maithan Alloys Ltd, one of India’s largest manganese alloy producers, will acquire a Kolkata-based firm which owns a manufacturing unit ......

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JSW Steel inches closer to acquiring another bankrupt firm

Manufacturing

16 December, 2019

JSW Steel inches closer to acquiring another bankrupt firm

Billionaire Sajjan Jindal-led JSW Steel Ltd has moved one step closer to becoming the largest steelmaker in the country as ......

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Asian PE firm ADV seals buyout to strike back-to-back India deals

Manufacturing

30 August, 2018

Asian PE firm ADV seals buyout to strike back-to-back India deals

Asia-focussed private equity firm ADV Partners has struck its third India deal this year by securing a buyout in the ......