stressed assets

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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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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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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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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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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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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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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 ......

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Finance

22 July, 2021

NCLTs lash out at insolvency resolution professionals over steep haircuts

“Get better resolutions…reduce haircuts…will not approve the plans with low value offerings...”  These are some of the latest pronouncements heard at ......

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Manufacturing

19 July, 2021

Nithia Capital, Prudent ARC, and 10 strategic players circle bankrupt steelmaker

Nithia Capital Resources Advisors LLP, Prudent ARC, Orissa Metaliks and other metal and steel firms are among 12 bidders for ......

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Infrastructure

16 July, 2021

Gammon India's former subsidiary goes bankrupt

A firm once backed by Gammon India, whose several subsidiaries are insolvent, has entered bankruptcy on a plea by an ......