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Nirav Modi's second firm set for liquidation

Consumer

18 August, 2021

Nirav Modi's second firm set for liquidation

Fugitive diamantaire Nirav Modi-owned Firestar International Pvt Ltd has been ordered for liquidation by the Mumbai bench of the bankruptcy ......

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Prudent ARC set to raise fresh capital for its AIF

Finance

17 August, 2021

Prudent ARC set to raise fresh capital for its AIF

New Delhi-based Prudent ARC Ltd is set to raise around Rs 450 crore (about $60.5 million) in the second scheme ......

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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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BlackRock managing director on India's 'handle with care' stressed assets market

Finance

13 August, 2021

BlackRock managing director on India's 'handle with care' stressed assets market

The Indian stressed assets market needs to sharpen focus on the long term credit ecosystem, bring more local experts to ......

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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 ......

Realty firm Nirmal Lifestyle enters bankruptcy for default on Altico Capital's loans

Infrastructure

12 August, 2021

Realty firm Nirmal Lifestyle enters bankruptcy for default on Altico Capital's loans

Mumbai-based real estate development firm Nirmal Lifestyle Ltd has been admitted for bankruptcy on a plea filed by IDBI Trusteeship ......

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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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Stressed Assets Wrap: Bankruptcy resolutions continue to move at snail's pace in July

Finance

30 July, 2021

Stressed Assets Wrap: Bankruptcy resolutions continue to move at snail's pace in July

The sluggish pace of bankruptcy resolutions seen in May and June worsened in July even as several massive haircuts came ......

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Investors offer massive haircuts for LIC's $1 bn stressed loan accounts

Finance

28 July, 2021

Investors offer massive haircuts for LIC's $1 bn stressed loan accounts

At least five large investors including private equity players have bid very low to acquire stressed corporate loans worth about ......

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Lenders take steep haircut on another steel asset under liquidation process

Manufacturing

26 July, 2021

Lenders take steep haircut on another steel asset under liquidation process

Lenders have taken a massive haircut on the sale of a Kolkata-based stressed iron and steel firm whose majority debt ......