stressed assets

Manufacturing

26 March, 2021

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 ......

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Finance

26 March, 2021

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

19 March, 2021

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 ......

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Infrastructure

18 March, 2021

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 ......

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Finance

17 March, 2021

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

16 March, 2021

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 ......

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Infrastructure

12 March, 2021

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 ......

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Manufacturing

11 March, 2021

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

11 March, 2021

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

10 March, 2021

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 ......