stressed assets
Finance
SEBI clears new shareholding norms for companies in bankruptcy
The Securities and Exchange Board of India finalised new norms Wednesday for companies that find a new owner after going ......
Manufacturing
JM Financial ARC, US firm invest $28 mn in textile company
Homegrown financial services firm JM Financial Ltd’s asset reconstruction arm and a San Francisco, US-based investment firm are picking up ......
Finance
Oaktree bids most for Dewan Housing as Piramal, Adani revise offers
US-based Oaktree Capital Management has likely submitted the highest bid for Dewan Housing Finance Corp (DHFL) even as Piramal Group ......
TMT
Reliance Infratel lenders to take 90% haircut as Jio set to take control
Reliance Infratel Ltd’s financial creditors will take a haircut of as much as 90% on their loans under a court-approved ......
TMT
Reliance Jio gets NCLT nod to buy Anil Ambani's debt-laden tower firm
The bankruptcy tribunal has approved billionaire Mukesh Ambani-led Reliance Jio’s plan to acquire younger brother Anil Ambani’s debt-laden Reliance Infratel ......
Finance
PE firms, ARCs queue up for Reliance Capital's assets
Blackstone, KKR, Bain Capital, JC Flowers and others have submitted Expressions of Interest (EOIs) for different assets of debt-laden Reliance ......
Infrastructure
IL&FS's energy advisory business lands up on chopping block
Debt-laden Infrastructure Leasing & Financial Services Ltd has put the energy advisory business of IL&FS Energy Development Company Ltd (IEDCL) ......
Finance
Indiabulls group looks to sell ARC arm as pandemic bites
Indiabulls group has decided to put up its four-year-old asset reconstruction company (ARC) for sale as it looks to exit ......
Finance
HDFC to pick up 20% stake in Mumbai ARC
India’s largest private-sector mortgage lender HDFC Ltd is set to foray into the asset reconstruction business as it has announced ......
Finance
IL&FS non-banking unit puts $645 mn corporate loans on sale
Infrastructure Leasing & Financial Services Limited’s (IL&FS) wholly owned non-banking arm has put up on sale all its corporate loans, ......
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