stressed assets
Manufacturing
JSW Steel yanks Bhushan Power out of long-drawn bankruptcy
After over three years of bankruptcy, Bhushan Power and Steel has been bought by JSW Steel for $2.7 billion (Rs ......
Finance
Eight Capital's Ravi Chachra on the new distressed fund, bad bank and opportunities ahead
Distressed assets investor Eight Capital Management, which announced a new $500 million fund in January in a joint venture with ......
Infrastructure
TCG-backed Haldia Petrochemicals gets third time lucky with Nagarjuna Oil Corp
Two years after the lenders of Nagarjuna Oil Corporation rejected Haldia Petrochemicals’ resolution plan, a bankruptcy court has cleared the ......
Infrastructure
Infra solutions provider, once backed by Sequoia, ordered for liquidation
An infrastructure solutions provider, once funded by Sequoia and ChrysCapital, has been ordered for liquidation by the bankruptcy tribunal. “Considering the ......
Finance
Covid dents Edelweiss ARC's debt purchase by at least 40%
Financial services major Edelweiss group’s asset reconstruction company is expected to see a dip in debt purchase and recoveries this ......
Manufacturing
GMM Pfaudler to buy assets of firm via liquidation process
GMM Pfaudler, the Indian unit of US-based Pfaudler Inc, will likely pick up its first asset under the liquidation process ......
Infrastructure
Essar group sees second firm fall into bankruptcy
A second Essar group firm has been admitted to insolvency by the National Company Law Tribunal (NCLT) over a default ......
Manufacturing
Sequoia takes major haircut on 11-yr Hindusthan National Glass bet
Venture capital firm Sequoia Capital is sitting on losses from its almost 11-year bet on Hindusthan National Glass & Industries. Going ......
Finance
Ares SSG completes purchase of Altico Capital
Hong Kong-based stressed asset specialist Ares SSG has marked its single-largest investment in India by completing the acquisition of Altico ......
Infrastructure
Sintex-BAPL promoter dangles Arpwood-funded offer; insolvency relief for SMEs likely
A KKR-led group of creditors is considering settling up with the Sintex-BAPL promoter out of court, people told The Economic ......
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